IMHO
The problem with foreign investment is that they will be restricted to about 800 mill shares before breaching the 20% takeover rule and today's share price that is only going to raise A$28 mill but the debt is A$580 mill.
So a new investor taking their maximum does not even cover 75% of the A$40 mill due next month.
I have no idea of the debt talks but Lynas needs JARE to spread the loan repayments over 3 to 5 years and then to get Mt K to do the same or somehow find a way to refinance Mt K debt which will be difficult with all assets being used as security against the JARE loa.
The upside is if Lynas continues with the improving production , the JARE covenants will lapse allowing the use of assets as security to refinance the Mt K kia.
Looks like a broker holding this up, page-11
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Last
$7.75 |
Change
-0.130(1.65%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.79 | $7.87 | $7.70 | $22.02M | 2.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5000 | $7.74 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.76 | 4578 | 2 |
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| Last trade - 16.10pm 12/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |