LYC 2.36% $6.06 lynas rare earths limited

Yeah just reading that? Is that what it means he's borrowed...

  1. 5,301 Posts.
    Yeah just reading that? Is that what it means he's borrowed $10,000,000.00 and used his lynas shares as collateral??? I 1st read it and thought he had bought into Lynas and got all excited!!!

    Detail of contract
    Nicholas Curtis
    has
    entered into a loan facility
    with
    Credit Suisse
    AG
    (“
    Facility
    ”).
    Nature of interest
    The Facility is secured over
    up to 10,000,000
    ordinary
    shares
    in Lynas
    .
    The Facility is not a
    margin loan and therefore there are no margin calls.
 
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$6.06
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$6.02 $6.12 $5.97 $11.52M 1.904M

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3 12791 $6.04
 

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$6.07 13019 2
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