Question. Why would Lynas want to take part of this loan? It is a business loan through commercial sources. Just the GOV is making a guarantee of repayment to make start ups access easier to money. It is not free money! JMO but it probably has restriction and reporting requirements associated with it. So why would Lynas want this money with a good free cash flow and almost AUD 700M in the bank? Makes no sense to me. Again JMO but with Lynas's balance sheet and free cash flow they could probably find less expensive cash in other places. Why would Lynas want to be lumped in with a bunch of whana bees? They get the money and it goes on the balance sheet as an asset. The loan goes of the balance sheet as a debit so no change to book value or profits. Why would they do this?
LYC Price at posting:
$6.68 Sentiment: Hold Disclosure: Not Held
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