The worst case scenario for me is a further capital raise at say 3 cents to 3.8 cents the last raise price.
The best case scenario is a funder similar to how Mariella went , deep pockets and a fair equity based earn in , with the funder only earning in anything once they spend the money and prove up a real resource .
it would be good if it is also a lump sum up front to cover previous spending
I don't mind if it is Illo or Guada ,but would be disappointed if it was the Brazil project.
Raising money in this market is not very easy , even though LRS did achieve this on the previous Illo project so if LRS can achieve this we should be back to 10 cents plus in no time .
Ann: Funding, page-37
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13.0¢ |
Change
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Mkt cap ! $363.9M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.5¢ | 12.5¢ | $755.8K | 5.910M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 378977 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 109597 | 4 |
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| LRS (ASX) Chart |