Thank you Fat Pat. I don't have the exact numbers in front of me, but we have a loan with JARE (~US$145) at very favourable terms. We could pay it off tomorrow if we wished (we are likely currently sitting on a >$700m cash pile), but as the debt is, on relative terms, cheap, it's better to put money to work.
I'm sure you can see it, but as a very simple analogy - my sister in Sweden was asking if she should pay off her student loan (~$20k) or invest, the answer was simple: invest. The student loan in Sweden has (literarily) 0% interest.. grow the value of the holding and let gains pay the student loan off.
With LYC, I think we pay 2.5% interest rate (~$3.6M/y), which is tiny with current cash flow. So while we could, I'd rather LYC invests and grow the business..
Deciphering Lynas, page-217
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$6.92 |
Change
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Mkt cap ! $6.468B | |||
| Open | High | Low | Value | Volume |
| $6.94 | $6.97 | $6.84 | $15.53M | 2.248M |
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| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13835 | $6.90 |
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| Price($) | Vol. | No. |
|---|---|---|
| $6.93 | 2500 | 2 |
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