from the fin review this morning
US-based hedge fund Mt Kellett Capital Management is understood to be considering converting its debt into Lynas equity at about 10¢ per share, which would deliver it a substantial stake in the $190 million miner.
Mt Kellett has been involved in Lynas since January 2012, when it gave Lynas $US225 million to fund the first phase of its Malaysian plant.
In return, Mt Kellett received $US225 million of Lynas convertible bonds, and hold the
Equity conversion
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Last
$6.41 |
Change
0.040(0.63%) |
Mkt cap ! $5.991B | |||
| Open | High | Low | Value | Volume |
| $6.45 | $6.49 | $6.40 | $13.34M | 2.079M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13384 | $6.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.42 | 13471 | 2 |
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| Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |