Is not like LYC was given a choice.
Bondholders have been waiting patiently for LYC to turn a profit for almost 6 years now and now that this is starting to happen they want their money returned. Basically I believe that the way it works is that bondholders are telling LYC how many they wish to convert to shares and the price they wish to convert at and LYC issues the shares and writes the "we are pleased to announce" disclosure to ASX and its shareholders.
Also I'm pretty sure that I've seen something a while ago about the interest rate on loans increasing once NdPr reached a certain price but can't remember if it was a one off increase or if it did fluctuate with the price of NdPr. I'm sure someone more knowledgeable on the deals LYC did a few years ago to be able to stay afloat will be able to shed some light on that one.
Is not like LYC was given a choice. Bondholders have been...
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Last
$7.61 |
Change
-0.100(1.30%) |
Mkt cap ! $7.113B | |||
| Open | High | Low | Value | Volume |
| $7.65 | $7.65 | $7.49 | $13.50M | 1.778M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10000 | $7.57 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.61 | 6808 | 1 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |