Share buy back very much a flight of fancy, why would they buy back shares when they are exercising debt through issuing shares.
The comment has been made that the bond conversion price being dropped to 10c was a benefit to our resident hedge fund [quite true] but also of massive benefit to LYC's balance sheet,
Remember the debt neg was not that long ago and LYC would have been fully aware of improving macros if not the speed of such and the situation that has arisen.
Want we need is a SH friend on the register in the form of a big cash rich miner [preferably ASX listed] that is after diversification and prepared to take advantage of volume disc for shares atm.
Probably would not go down well with AL but would put a smile on many SH's dials too be sure.
r
LYC - a takeover theory, page-31
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
View Market Depth
| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |