Agree as well - in this market I suspect bondholders want to ensure all costs are covered and given the previous announcement which showed costs were just covered by available funding this facility (potential future equity issue not a loan as some have mistakenly said... ) will provide comfort to the bond holders and is designed to get to the bond money (clearly it is not a replacement).
Col8 - get a grip, management have the foresight to get such a facilty in place in these market conditions. You seem to have followd the LYC story for a while - all the moves have good rationale (thank god the company is NOT in China now given the new export taxes and massively reduce export quotas).
Agree as well - in this market I suspect bondholders want to...
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Last
$5.92 |
Change
-0.030(0.50%) |
Mkt cap ! $5.533B | |||
| Open | High | Low | Value | Volume |
| $5.95 | $5.99 | $5.88 | $20.30M | 3.422M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 186 | $5.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.94 | 999 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |