LYC 2.89% $5.69 lynas rare earths limited

So your prediction / forecast is that JARE will take debt to...

  1. 1,501 Posts.
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    So your prediction / forecast is that JARE will take debt to equity for the Sep and Dec repayments at 10c a share , that would be about 670 mill shares at current FX rates. It is exactly what I proposed.

    Put me down for a partial debt deferral along with a cap raising at a 5% discount to vwap with proceeds going to JARE.

    Neither of us will be right but it will be interesting to see who is closest to what actually transpires.

    And we will know soon as A$40 mill is due in 8 weeks so an announcement on debt negotiations will not be to far away.

    And no matter what transpires it will not hurt me, I have done OK out of Lynas over the past 8 years and what happens to what I have left in Lynas is no great concern. Plenty on here have warned about averaging down, much better to buy on the way up and not be greedy about when you sell.

    And I do have a keen intrest in technology and keep reasonably up to date , particularly energy efficiency motors and batteries after 15 years in the industry and who actually used rare earth magnets and had the emerging technology R&D team in the same building and was able to see what they were working on and talk them on a daily basis.
    Last edited by malgmac: 26/07/15
 
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