'The producer said completion of the equity raising would cause some adjustments to the conversion price of its $225 million of 2.75 percent convertible bonds due in 2016. Any adjustment will be known following the completion of the share sales, it said in the statement.'
It will be interesting to see what the new price is. After the event we will have had 2 resets so some careful analysis should be able to yield a reasonable view of the terms of the reset formula for a CR.
My best guess is the new price will be 75-87C - just a guesstimate. If less than LYC have been turned over by Mt K terms.
lynas, the worst performer this year, page-5
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6556 | $7.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.77 | 3385 | 1 |
View Market Depth
| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |