geldisweg, nice lie.. "fully functional" in quotes? seriously??..
from the 2012 financial report.
"Where the TOL was not obtained on or before October 15, 2012, the conversion price would have been the lower of: (a) $1.25; and (b) 120% of the VWAP for the 30 trading days commencing on October 16, 2012. Where the Malaysian government communicates its decision to the Group on or before October 15, 2012 to refuse to grant the TOL, the conversion price would have been the lower of: (a) $1.25; and (b) 120% of the VWAP for the 30 trading days commencing on the date of such announcement. As stated in Note 37, the TOL was received subsequent to June 30, 2012."
Incase you missed that "the TOL was received subsequent to June 30, 2012."
The best you could say is the lawyers will have a field day IF.. thats a very hypothetical IF, the TOL is frozen through oct 15. But i'd still side with lynas on it.
whats the announcement, page-55
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