My concern here is the cash. They have 2.7M after burning through 1.3M this quarter. They have 2 quarters, maybe 3 if enough options are exercised. I reckon they should focus on the South American assets which are already free carried and will slow the cash bleed. If they were to do a cap raise, it'll definitely be after some lithium news and the SP rises. I might be wrong so I'm happy to get someone else's take on this as well
LRS General Discussion, page-1959
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18.5¢ |
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Mkt cap ! $517.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 17.5¢ | $2.039M | 11.17M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 144143 | 18.0¢ |
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