Hi Welsho, i'll explain further my train of thought. This is from the quarterly:
'In October 2020, the Company entered into a formal Mandate Agreement with US Development Finance Corporation (DFC) to undertake detailed due diligence on the Project, with a view to providing the necessary debt financing for the Namibian portion.
And
During the quarter the Company submitted its formal on-line application (Form 007) which allows DFC to commence its detailed due diligence process with an initial focus on ESG and the selection of an independent engineer'
This is the process on the DFC website, note step number 5:
Remembering that it was in October when the retainer fee was paid (#4 on the list) it is more akin to stagnation rather than progression given that the form 007 has been completed in the 2 quarters. It reads as though the DD process has just commenced and given the further steps in the process presumably an outcome decision is quite a way away. The finish line might not be as close as some anticipate.
- Forums
- ASX - By Stock
- LPD
- Ann: Quarterly Activities & Cashflow Report
Ann: Quarterly Activities & Cashflow Report, page-50
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LPD (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $11.75K | 5.876M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
94 | 82956019 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 48191554 | 51 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
93 | 82356019 | 0.002 |
88 | 213006864 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 29691554 | 50 |
0.004 | 28006964 | 32 |
0.005 | 12706941 | 13 |
0.006 | 3591999 | 8 |
0.007 | 1618617 | 6 |
Last trade - 15.48pm 28/10/2024 (20 minute delay) ? |
Featured News
LPD (ASX) Chart |