I know I said no more post till earnings I think this is...

I know I said no more post till earnings I think this is significant enough to post besides I see it as a big positive for lynas if they need to redo financing or need cash again.   Also note that new $$$ were received  March 8th


Because Mount Kellett is a   major creditor of Lynas I occasionally look at it. They have been under $ strain for many years. http://www.mountkellett.com/   Not sure when the last time I looked was somewhere between 3 and 6 months. Been looking for holes in my ideas and went to look at web site.   IT IS NOT THERE!!!   For those that have not follower Mt K a little history.   It has never shown up on the top 250 performing private hedge funds.   May 2015 there was sort of a merger (sorry it was never clear) where Fortress invested money in MT K and took over managing many of the Mt K funds. At that time Mt K had $5B under management which I think was down from when they made the loan, Remember $6B or $7B   Unfortunately with no web site and a few google searches turning up nothing  I cannot find old info. http://www.businesswire.com/news/ho...s-Investment-Group-Mount-Kellett-Capital-Form
I went to fortress web site  and found that Fortress was acquired by Soft Bank  on February 17, 2017
https://www.fortress.com/pdfs/PressRelease02-14-2017


Now both loans are held by Japanese corporations. Has to be a big positive. Interesting that deal was completed Feb 17.   March 8^th Lynas received funds.  

Original agreement.
“Amount: US$225 million
Term: 4.5 years Coupon: 2.75% pa
No conversion for the first 6 months
Conversion Price: A$1.25 per ordinary share, being a 14 % premium to the 10 day VWAP as at today’s date and a 25 % premium to the closing price on 16 January 2012, being the date that non-binding terms were set, subject to detailed documentation.”   Lynas press release Jan 22 2012
Jan 2012 + 4.5 years is July 2016 interesting that they said Mt K could not convert for 6 months.  Lets you know what people were thinking at time.