LYC 6.35% $6.05 lynas rare earths limited

Capital Raising immnent

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    In my humble opinion, we will see a significant capital raising within the foreseeable future. This would in my opinion, be two fold

    1/ increase working capital for the next 6 to 9 months

    2/ and significantly reduce the current debt levels to a level that will be an acceptable level to prospective lenders.

    My SWAG estimate would e a capital raising in the order of $100mill.

    For those uninitiated a SWAG estimate is a Scientific Wild Arse Guess. In a past life in IT, we use to frequently use this term when estimating projects which we had no real basis to estimate.

    The above is just my opinion

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