Looking at the original CNMC proposal, it was for $252m in equity, and a bank guarantee of $119m, for a total funding requirement of $371m (phase 1)
If LYC was to do a 1:1 rights issue at 60c, they would raise $380m Problem solved.
I suspect they will still want to throw CNMC a bone, so issue them 15% at 60c - Another $190m raised - comfortably funds phase 2.
Shareholders happy, FIRB probably happy.
LYC Mgmt, lets get moving!
Looking at the original CNMC proposal, it was for $252m in...
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$7.06 |
Change
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Mkt cap ! $6.599B | |||
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| No. | Vol. | Price($) |
|---|---|---|
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|---|---|---|
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