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
$6.90 |
Change
0.090(1.32%) |
Mkt cap ! $6.430B |
Open | High | Low | Value | Volume |
$6.94 | $6.95 | $6.79 | $17.23M | 2.502M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 20 | $6.88 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.90 | 970 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20 | 6.880 |
2 | 7986 | 6.870 |
4 | 15139 | 6.860 |
2 | 11891 | 6.850 |
2 | 8893 | 6.840 |
Price($) | Vol. | No. |
---|---|---|
6.900 | 970 | 1 |
6.910 | 17084 | 8 |
6.920 | 32176 | 6 |
6.930 | 16326 | 5 |
6.940 | 12391 | 2 |
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