LYC 2.89% $5.69 lynas rare earths limited

Say they get finance JFI, to cover the current payment that is...

  1. .y.
    3,566 Posts.
    Say they get finance JFI, to cover the current payment that is due in two weeks and to fund three further months of unprofitable production and make sure the execs get paid.
    Is it not just delaying the inevitable
    How do you propose they will pay it back sometime in the future when the company is having problems just funding the current production ?

    Or is the miracle rise of REE prices back to 2011 what you are betting on ?

    At current prices even at 100% production from phase one they cannot fund the business as well as service current debt....Let alone any more debt.
 
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