In 2016 AGM, when Lynas proposed its renegotiation of debt it did commented to shareholders that "there is a risk of heavily dilution of shares".
Risk always goes with opportunity.
Today I want to ask Lynas what kind of "risk" Lynas was actually refering to? It appears it is not related to whether get successful or not. So, no matter what performance Lynas can achieve it will still be fully convert. There is no opportunity at all.
Lynas Debt Free 2018, page-37
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