Why it will go to 10 cents? Well simple, debt and equity are the kind of the same thing.
I think of the dilution as a capital raising, if they are raising capital at 10c, why should I be worried? 6c is a bargain to me.
If LYC was doing a capital raising at 10/20/30% discount, I would be worried, but they are not.
JARE and Bondholders are giving LYC a 4 year runway, that is until Sept 2020. From I what I can tell, there are no interest payments, its lumped on at the final payment.
Who knows, what will happen by Sept 2020, Tesla, windpower, magnets, china, etc.
All, I know is 6c is definitely worth a punt, given, that all profits will be tax free due to the 1 billion in losses. That is 300mill in tax credits.
Rare earth Hedging, page-7
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Last
$7.75 |
Change
0.030(0.39%) |
Mkt cap ! $7.244B | |||
| Open | High | Low | Value | Volume |
| $7.71 | $7.81 | $7.63 | $12.03M | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6556 | $7.73 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.77 | 3385 | 1 |
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| Last trade - 16.10pm 11/10/2024 (20 minute delay) ? |
| LYC (ASX) Chart |