These interest rates are ugly, but they say will be repaid by R&D tax incentive entitlements plus offtake agreements.
in January this year their R&D tax rebate was $8.9mil. And in ann 3/12/21 they say they expect $75mil in finance from offtakes.
So easily manageable. And although they perhaps should have been able to get much better terms than what they got, at the end of the day the project is now fully funded.
So I wouldn’t be surprised if this initial sell down based on interest rates is overcome by buying based on being fully funded aka this project is now locked in and gonna happen.
IMO
GLTAH
Ann: LMG finalises term sheet for $23M of project funding, page-17
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3.4¢ |
Change
-0.001(2.86%) |
Mkt cap ! $79.83M | |||
| Open | High | Low | Value | Volume |
| 3.6¢ | 3.6¢ | 3.4¢ | $5.002K | 142.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 246900 | 3.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.6¢ | 145503 | 3 |
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| Last trade - 10.12am 22/08/2024 (20 minute delay) ? |
| LMG (ASX) Chart |