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
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