Just did a debt(gross) to market cap ratio for Lynas comparing the 21st March to the 17th of August. In March the ratio was 1.47:1 (Bloody awful). Now it is 0.66:1. A great turn around in just 5 months. In short it has gone from a basket case which would have been culled from any financial advisers watch list to one that now will be appearing on the radar. If the share price goes to 16.5cents (without any more shares issued or debt paid off) it goes to 0.58:1. Once the ratio gets below 0.50:1 the business - IMO - can be taken seriously and one that could be recommended to a wider audience of investors and funds.
Anyway all good and onward and upward.
LYC Price at posting:
14.5¢ Sentiment: Hold Disclosure: Held
