Restricted cash will be returned to JARE and MtK if the unrestricted cash balance gets to $25m (was $24.3m end of last Q). Unless Lynas can brilliantly manage to keep an increasing cash surplus from continuing rising prices from tipping them over $25m the $28.3m restricted cash will be applied to interest and the rest used to pay down debt. Any balance in unrestricted cash over $40m (very unlikely this quarter) will also be used to pay down JARE debt (nothing towards bondholders debt).
Unless there is a big payment made, like to the AELB then I expect the closure of the restricted cash account outlined above.
Restricted cash will be returned to JARE and MtK if the...
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Last
$8.09 |
Change
0.070(0.87%) |
Mkt cap ! $7.561B | |||
| Open | High | Low | Value | Volume |
| $8.15 | $8.27 | $8.08 | $35.31M | 4.353M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7192 | $8.08 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.10 | 4833 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| LYC (ASX) Chart |