Have a look at the weekly or monthly chart, both LYC and RE price are still close to the rock bottom, A long way from the historic mean, never mind the peaks.
Check the QRs, the breakeven price for LYC is $32 in Q2FY17. Assuming $61 is the average price for this quarter, LYC will have US$100m at the end of this quarter, including $50m from operation, $35m existing cash, and $15m receipt from warrants. It is also likely that the 30 day vma will cross the 16c mark.
So, what going to happen at the end of this quarter?
Scenario 1: A notice for the bond holders, and then all the bonds are converted. LYC has a net of only $85m by Sep 2017.
Scenario 2: A notice for the bond holders, by the 19.99% role, MtK can convert only $50m. Then, LYC will has a upper limit of 5b shares rather than 7b. At current RE price, $335m debt should not be an issue.
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Last
$6.25 |
Change
0.080(1.30%) |
Mkt cap ! $5.841B |
Open | High | Low | Value | Volume |
$6.25 | $6.26 | $6.17 | $15.83M | 2.513M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 18985 | $6.22 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.25 | 53073 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 81 | 6.180 |
2 | 12000 | 6.160 |
3 | 15000 | 6.150 |
1 | 1000 | 6.140 |
3 | 5534 | 6.100 |
Price($) | Vol. | No. |
---|---|---|
6.250 | 43756 | 3 |
6.260 | 1545 | 2 |
6.280 | 3279 | 1 |
6.290 | 27747 | 5 |
6.300 | 17068 | 11 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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LYC (ASX) Chart |