'It will not be hostile the board will recognize this is the only option with the debt they have.'
Again, always the possibility that board will put the company out to bid. Lynas would/is the Moat company outside of China for LREEs. Could be very enticing for a large commodity wanting to to get a major foothold in what will become a much more valuable market. Infact, why wait a few years when it can be picked up in the near future for what in an improving commodity market might be regard as small change - debt and all - (maybe what the CEO was hinting at in her recent statement re., buyout). Again, JMO from another perspective