A 72% oversubscription reinforces confidence that investors have in LPD's strategic plan, the strength of its management team, and the ability of the company to execute on its plans.
The additional money during this CR will provide the necessary treasury resource to ensure the company is not pushed into any premature agreements, and reduce the need for additional funding to top up any debt funding.
Whilst this announcement is good news for investors, it significantly reduces the scope for unwanted raiders to talk down the SP and secure the lepidolite mine and unique IP for the benefit of the Chinese Communist Party.
Ann: Entitlement Offer Closes Oversubscribed, page-5
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $11.25K | 5.6M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 168 | 182900798 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 97761977 | 56 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| LPD (ASX) Chart |