LYC 1.05% $7.69 lynas rare earths limited

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    $ value of the bond debt converts to equity at 10c/share based on AU$1.00 to US$0.75 conversion rate.

    If we assume exchange rate is currently AU$1 to US$0.75 (close atm) 225M bonds converts at 10c to 225M x 10 = 2.25bn

    I expect DD is adding in the warrants to reach 2.6bn.
 
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