This from the Amendments to Lynas debt facilities: A Bondholder...

This from the Amendments to Lynas debt facilities:

A Bondholder shall not be permitted to exercise any warrants, nor convert any Bonds, and nor shall Lynas be required to issue any shares in Lynas upon either exercise or conversion (as applicable) of the warrants or Bonds, to the extent that it would result in a breach of section 606 of the Corporations Act. At the request of Majority Bondholders, the Company shall from time to time as soon as practicable call a general meeting of shareholders to seek approval for issuance to the Bondholders of the Shares issuable upon exercise of the Warrants and/or conversion of the Bonds, and prepare a circular for shareholder approval of such issuance.

Would the current AGM be what this is eluding to or, is the expectation, that between now and the 2020 maturity, that this would remain a requirement each and every time that this comes up? And if the conversion of the bonds in full will most definitely lead to massive SH dilution, but, if they hold out until maturity, then its not a fait accompli, and there might be time to repay their debt, assuming a number of factors play out.