actually it is summer of 2018. Reason is simple that is what the current contract says. some simple facts The equity in this company will be negative sometime in the next 6 months more likely it already is With a record of never even making interest payments 3 Qs in a row and negative equity what chance do you think they have of any new investor? (not interest payment statement is for last 2,5 years) So the fact is when they are ready the creditors will flush all stock holders, and all unsecured creditors, except critical suppliers, take over Lynas. This does not mean they will take over operations, they will set up an operations company to run the company, Amanda and team are doing a good job after NC mismanagement, I would not be surprise to see her and her team run the operations company. Under this arrangement they can invest to further improve the company and with a reasonable rise in REE prices have a profitable company that can be sold or taken public recovering a much of there investment. For them this is much better than shutting them down.
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