"Has Lke/lilac not been given an EOI to fund the project completely until construction"
Please show me where the company has stated that the project is funded until construction.
This is a company that had $185M in the bank in 2022. That has dwindled to $60M. They have gone from "funded till FID" to "funded till DFS". They spent $29M in cash last qtr. On what exactly?
They require 280km of HV infrastructure to cost what $300M USD? For a company with a mkt cap of $240M AUD. The CAPEX of the plant will be circa $1.5B USD.
They have no guaranteed funding in place (besides the ATM). Lilac raised $150M USD 2 years ago, but have been running multiple projects in parallel. Guessing their funding is drying up.
It smells pretty fishy if you ask me
Relevant Excerpts from Lake Update Webinars, page-328
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Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $86.85M | |||
| Open | High | Low | Value | Volume |
| 5.2¢ | 5.3¢ | 5.0¢ | $205.1K | 4.009M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 29 | 2017442 | 5.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.1¢ | 17000 | 1 |
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| LKE (ASX) Chart |