kengaikl
I don't believe Sojitz
could by $250m worth of shares at market easily. If the price was $1.80 they would need approx 140m units which is approx a 8.2% stake in LYC. I understand the '3% creep' rule only allows 3% every 6 months and if over 19% is reached then a TO must be initiated, not TO would be an issue here.
BUT, I do agree, no 'mates rates' deals at our expense. Pardon my cynicism but when has it ever not been at our expense. LOL
I would like to see the $250m be a looooooow interest rate spread over maaaaaany years for a LYC showing the Japanese preference with supply. And why not, they saw the opportunity and acted.
Just my opinion.
sojitz deal structure / sp games, page-4
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Last
$6.06 |
Change
-0.005(0.08%) |
Mkt cap ! $5.655B | |||
| Open | High | Low | Value | Volume |
| $6.00 | $6.08 | $5.97 | $4.898M | 812.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 18141 | $6.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.06 | 6814 | 15 |
View Market Depth
| Last trade - 11.17am 25/07/2024 (20 minute delay) ? |
| LYC (ASX) Chart |