Great summary en but can I add a couple of points.
I expect that LMG will be able to apply for a full refund of money spent on the demonstration plant under the Federal Govt's R&D program.
This should largely extinguish the company debt.
Another factor to consider is the nearby >20m tonnes of fly ash stored in an above ground containment pond. The ash is leftover from the Hazelwood power station and its owner, Angie has to remediate it as part of the power station closure.
LMG are the only environmentally responsible and commercially feasible option to do the removal. It is an ENORMOUS commercial opportunity for LMG.
Looking for a huge few months ahead for LMG.
LMG Development Pathway, page-3
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