The real question at this point in time is will the refinance happen at all?
With interest rate of over 10% it would be like cutting a toe off before running a marathon.
Previous update said finance was to be sorted "well prior" to September.
If they can limp along at 800tonnes per month they should be able to scrape by till March, although if production tanked hard there will be no cash to make the payment due in a few weeks.
I'm long and am happy to wait(however nailbiting that can be), comfortable with the possibility of a 100% loss, considering the upside potential 100% loss is small potatoes.
I think they will bumble through and at some point someone capable will run the company well, in the meantime they just need to survive.
Ps: three factors that give LYC huge potantial are:
Mt Weld is HUUUGGGEEEEE
Mt Weld is HIGH GRADE
Mt Weld is in a politically stable counrty(sort of
Pps: I love how the company is "holding off" producing 22000Tpa like it's their choice LOL.
The real question at this point in time is will the refinance...
Add LYC (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$6.40 |
Change
0.000(0.00%) |
Mkt cap ! $5.982B | |||
| Open | High | Low | Value | Volume |
| $6.47 | $6.48 | $6.34 | $20.28M | 3.161M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12848 | $6.39 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.40 | 17965 | 2 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |