Lynas die neue Chance
Optionen
| Boardmail an "farrier" |
Wertpapier: Lynas Rare Earths Ltd |
...was das derzeitige Lynas Geschäftsmodel hergibt bzw. Gewinne machen kann...
Wie im Jahresbericht nun nachzulesen..man verhandelt WIEDER mit den Geldgebern. D.H. man kann die vereinbarten Rückzahlungsquoten WIEDER nicht erfüllen...
Conclusion: Gehen die REE Preise nicht deutlich rauf, kommt entweder eine Insolvenz oder man besorgt sich WIEDER Geld am Markt; die ggfs WIEDER mittels einer Kapitalerhöhung...neue Aktien und Optionen einhergeht...dies wird evtl WIEDER nicht reichen, sodass man WIEDER eine Verschiebung aka Stundung der Schuldentilgung mit den 2 Hauptgeldgebern verhandeln muss...imho
"As disclosed in the Financial Report, Lynas’ Financial Report has been prepared on the basis of a going concern, subject to certain risks as outlined in Note 2.2 on page 37. These include production levels, foreign currency exchange rates, regulatory environments in both jurisdictions, and price volatility in the rare earths markets. In addition, Lynas has significant future repayments under the JARE facility and the convertible bond facility, as outlined in Note 2.2 and Note 22. The ability of the Company to continue to meet its financial obligations will depend on the factors summarized above and in addition the Company will require either amendments to the terms of its loan facilities or alternative sources of funding. The Company is in negotiations with both lender groups regarding amendments to the terms of its loan facilities. The financial statements have been prepared on a going concern basis, because the directors and management, including as a result of consultations with relevant advisers, have concluded that there are reasonable grounds to believe that to the extent that either amendments or alternative funding will be required, they will be obtained in a timely manner. The Board expects that any significant restructure of the loan facilities is likely to require shareholder approval before being implemented."
Lynas warns on debt in low-price environment
29th September 2016
By: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
JOHANNESBURG (miningweekly.com) – The high level of debt on Lynas’s balance sheet continues to be a challenge in the low-price environment, the lossmaking rare earths miner said on Thursday.
The company raised caution about its ability to meet its financial obligations and stated that it would require either amendments to the terms of its loan facilities or alternative sources of funding. Lynas said it was in negotiations with its lender groups regarding amendments.
“In this low price environment, the Lynas business has been approximately break-even on a free cash-flow basis for several quarters, and accordingly, the high level of debt on the Lynas balance sheet remains a challenge. Throughout the financial year, our lenders have continued to support the businesses.”
Lynas flagged price volatility, production levels, foreign currency exchange rates and the regulatory environment as risks to its ability to continue as a going concern.
The miner, however, reported that it was implementing strategies to mitigate the effect of the low-market pricing, including continuing to focus on opportunities to further reduce operating costs.
Lynas is operating the Mt Weld mine, in Australia, and the Lynas Advanced Materials Plant, in Malaysia. The group achieved sales revenue of A$196.1-million in the 2016 financial year, reflecting increased production volumes and strong relationships with customers in Japan and China.
The miner narrowed its loss from A$118.6-million to A$94.1-million in the year ended June 30.
http://www.miningweekly.com/article/...ronment-2016-09-29/rep_id:3650
Weak rare-earths prices have continued to hurt the Sydney-based company, keeping it in the red despite improvements in output and operating costs.
While Lynas’s accounts in recent years have highlighted risks around its going concern status, yesterday’s report was the first time its auditor Ernst & Young had warned about material uncertainty.
The auditor pointed to a note in Lynas’s accounts that said its ability to meet its financial obligations would require either amendments to the terms of its loans or alternative sources of funding, as well as the risks around volatility in rare-earths markets.
“These conditions indicate the existence of a material uncertainty that may cast significant doubt about the company’s ability to continue as a going concern and therefore the company may be unable to realise its assets and discharge its liabilities in the normal course of business,” the auditors wrote.
The warnings came as Lynas handed down a $94m loss for the 2016 financial year, following a $118.5m loss a year earlier.
Lynas was once one of the best performed stocks in the country as investors clambered for exposure to rare earths, with its shares hitting a peak of $2.70 each in 2011 and creating a paper fortune for founder and then-leader Nick Curtis. The stock last traded at just 5.7c, falling another 8 per cent yesterday on the back of the financial statement.
Patersons analyst Rob Brierley said Lynas had reduced its production costs substantially but still needed a turnaround in rare-earths prices.
“Without improvement in rare-earths prices, it is difficult to see the company continue in the absence of a major restructure of debt and equity,” he said.
“We remain at ‘spec buy’, but warn that the liabilities are mounting and prices must start improving soon if Lynas is to achieve sufficient cash flow to reduce liabilities.”
The latest uncertainty around Lynas comes just over a year after the company struck a “long-term” debt restructuring that it said would be the “last step in positioning Lynas to be a sustainable and financially viable business”.
Lynas chief executive Amanda Lacaze was not available for interview, but the company said in its announcement that while its balance sheet remained a challenge its lenders continued to support the business.
Lynas owes $US203m to Japan Australia Rare Earths and another $US225m in convertible bonds. “The company is in negotiations with both lender groups regarding amendments to the terms of its loan facilities,” the company said.
http://www.theaustralian.com.au/...y/d9c336d66fd7ba4deb7431b985763dc0
lynas bleibt eine wette auf bessere zeiten
eine schlechte wette,,,die wahrscheinlich nicht aufgeht,,,keine kredittilgung,,keine zinszahlungen,,428 millionen schulden,,,wieder grosser verlust,,,,weitere finanzierung steht in den sternen,,,neue KE,,,neue suche nach kreditgebern,,,,weitere millionen aktien werden vermutlich auf den markt geschmissen,,,weiter verwässerung,,,,oder doch bald der bevorstehende konkurs,,,was eigendlich bei jetzigen preisen,,,nur noch eine frage der zeit sein sollte
gehts in die reverse
Name Symbol Markt Aktientyp ISINBeschreibung§
Lynas Fpo LYC Australische Börse Ordinary Share AU000000LYC6 An Australia-based company engaged in integrated extraction and processing of rare earth minerals.
Änderung Änderung % Aktuell Hoch Niedrig Handelsbeginn Handelsende Zeit DELAYED
-0,00 -3,51% 0,055 0,057 0,054 0,057 0,057 05:34:07
Gebot FragenKursdifferenz§Kursdifferenz % News
0,054 0,055 0,001 1,82% - - §
Trades Volumen VWAP§Finanzielles Volumen Volumen %
23611.162.845 0,0549613.098,05 §
Letzte Trade Typ Menge Kurs Währung
05:38:59 1.213 0,055§AUD
wann?,,,und warum??,,sollten die preise ansteigen???was hat sich geändert??,,,,wie lange warten wir alle darauf,,,,günstige stücke???,,,oder sehr teure stücke,,,im vergleich was kommen könnte
Name Symbol Markt Aktientyp ISINBeschreibung§
Lynas Fpo LYC Australische Börse Ordinary Share AU000000LYC6 An Australia-based company engaged in integrated extraction and processing of rare earth minerals.
Änderung Änderung % Aktuell Hoch Niedrig Handelsbeginn Handelsende Zeit DELAYED
-0,00 -1,82% 0,054 0,055 0,054 0,054 0,055 06:44:08
Gebot FragenKursdifferenz§Kursdifferenz % News
0,05 0,055 0,005 9,09% - - §
Trades Volumen VWAP§Finanzielles Volumen Volumen %
71 3.630.794 0,0542196.829,70 §
Letzte Trade Typ Menge Kurs Währung
06:43:34 8.434 0,054§AUD
noch ca. 2 monate,,und die kasse ist leer bei lynas,,,,dann sehen wir hier noch ganz andere kurse
LYC Historisch
Period † Open High Low VWAP Min Vol Max Vol Avg. Daily Vol [m] Change %
1 Woche 0,062 0,063 0,053 0,0566 3.368k 35M 13M -0,01 -11,29%
1 Monat 0,066 0,066 0,053 0,0595 1.277k 35M 6.385k-0,01 -16,67%
3 Monate 0,068 0,09 0,053 0,0695 1.180k 54M 7.855k -0,01 -19,12%
6 Monate 0,081 0,09 0,048 0,0687 1.180k 54M 8.683k -0,03 -32,10%
1 Jahr 0,036 0,142 0,035 0,0791 789k 152M 17M 0,02 52,78%
3 Jahre 0,375 0,385 0,03 0,1001 0 152M 13M -0,32 -85,33%
5 Jahre 1,2 1,625 0,0001 0,4618 0 153M 15M -1,15 -95,42%
Auch in Australien wird auf Hotcopper mit ganz harten Bandagen gekloppt. Die einen sagen Lynas wird ohne KE nicht auskommen und die Bedingungen werden nicht so vorteilhaft ausfallen für die Altaktionäre, die anderen vertrauen auf den Support der Lender auch dieses mal.