I doubt administration at this stage unless BlackRock are calling in their loans and LPE can't repay them.
It is certainly poor form to make no announcement today. Having made a clear statement that they would either make an announcement or commence trading today I'd argue they've misled the market/investors.
it is also frustrating to constantly hear this dialogue that wholesale prices are the problem. LPE would be undoubtedly well hedge but, as they have suggested, they have huge AEMO prudential demands. Mismanagement in my personal opinion.
Ann: Voluntary Suspension, page-19
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $27.93M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.0¢ | 15.5¢ | $5.322K | 34.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3256 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 200000 | 2 |
View Market Depth
| Last trade - 15.24pm 04/11/2024 (20 minute delay) ? |
| LPE (ASX) Chart |