Not that anyone could have dreamed for the jump in prices like they have but under the old agreement Lynas could have made the debt repayments slated in for this year and last year (USD $2M due June 2016, $5M due Dec 2016, $15M due now and $30M due December). Even without the cash from warrants.
They would have had to renegotiate the $153M due June 2018 though.
Interest payments would have been higher but still manageable. It's just bad luck for small holders (good luck/management for lenders) the prices got as low as they did and the new arrangement made when it was.
Not that anyone could have dreamed for the jump in prices like...
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Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |