Ann: Quarterly Activities Report, page-46

There really should be some basic comprehension requirements established here.



The column on the left says Existing (as at 17th August)

The column on the right says NEW

That means things have changed from the original

For those able to read: "The Principal Repayments due prior to maturity under the JARE facility have been adjusted significantly."

For those able to comprehend, the revised repayment schedule is:

30 June 2016 US$2m

21 December 2016 US$5m

30 June 2017 US$15m

21 December 2017 US$30m

30 June 2018 US$153m

"where do you think the US$135M is coming from given current trading performance"

ltl's, there is no US$135M payment due under NEW, June 16 is $2M & Dec 16 $5M, total for the next 12 months US$7M, really not sure why you are getting so excited by that.

https://www.lynascorp.com/Shared Do...50817 Debt Restructure Announcement FINAL.pdf

Also, as pointed out to you previously, if you bother to read page 6 of the Dec QR you will find towards the bottom:

"Total cash at 31 December 2015 of A$53.6m comprised unrestricted cash of A$20.1m plus restricted cash of A$33.5m. The restricted cash will be used to fund interest payable under the JARE facility and the Mt Kellett led convertible bond facility."

https://www.lynascorp.com/Shared Do...6/160127 Quarterly Report Q2 FY16 1518438.pdf

Lynas HAS paid the interest due under the NEW terms, into a potential draw back facility as CLEARLY outlined in the debt restructure Ann:

"Creation of an A$60 million liquidity buffer. Interest repayments during the term of the facilities will continue to be deposited into restricted Lynas bank accounts for each facility. Interest liabilities will only be paid to the lenders to the extent that there is a total cash balance (unrestricted and restricted funds) in excess of A$60m. The balance in the restricted accounts is available, at the lenders’ discretion, for reuse in the Lynas business."

https://www.lynascorp.com/Shared Do...50817 Debt Restructure Announcement FINAL.pdf

Your post is totally incorrect on both points and very obviously promotes misinformation, at best.