capital raising, page-36

I guess another way to look at this is:

There is a good chance that the company board is well aware that they really need to nail a capital raising ASAP. (Possibly over the last month or two would have been best however the legal action put that on hold as we would have been laughed at with any CR).

If yesterday went against Lynas then it may very well have crippled their chances to get that money.

Now the issue of CR can be dealt with knowing that the TOL us not frozen (or whatever term you wish to use).

SP could (and should) be higher, and a delay of another day, week, month might be nicer... but this is about survival in a tight credit market.. more than dilution, we need cash to breath long enough so income can come.

Not optimal, but stepping back, I am ok to accept it at face value for now.