Another fantastic strategic move by LKE to raise $39m at market price with a premium on VWAP. As I have indicated before, I will give 10 out of 10 for LKE management’s strategic thinking and foresight. Funding gap for 50,000 LCE tpa construction has dramatically reduced with this $39m CR.
For a couple of keyboard warriors, IMO it would take about 3 to 4 months for them to understand the significance of this raise. LKE is ticking boxes on a daily basis and it has become a habit for them now.
Can anyone please point me to another company’s CR at market rate with a premium to it’s VWAP? Awesome job Stu and Steve.
LKE is getting ducks in order. Well done Lakers
Ann: $39 Million At-The Market Raise, Appendix 3B, page-41
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