LYC - NdPr Price, page-12

I keep wondering about the 5.5 clause:
'5.5 Redemption by the Company
(a) Subject to the right of Bondholders to convert the Convertible Bonds at any time, if at any time during the Redemption Period the 30-day VWAP of the Shares is equal to or exceeds 160% of the Conversion Price, the Company may give notice of its intention to redeem all of the Convertible Bonds on issue by delivering a Company Redemption Notice to Bondholders.'

Why would you negotiate to have that clause in there unless there was a 'blue sky' thought of being able to do so..? Or is it a 'standard' clause in these scenarios? With current prices, LYC could (this is assuming green light from JARE) collect a lot of cash in the coming months/quarters and in theory soak up a big chunk of the convertibles. If so, would we ideally see the SP not shoot up too much until that 'blue sky' event..?

(p.s. dont take me wrong, I'd love for the SP to get to 50c, but I've waited a number of years and would happily wait a bit longer if there was a 'blue sky' plan)