The third tranche of US $10m (A$15m) is due in August.
To date the company has had no difficulties in securing funds for the previous two payments and additional funds for mine development requirements.
I can only assume that the next CR will come from offtake agreements.
The static shareprice is most likely due to institutional investors waiting for security of funding and MRE announcements. I expect news will flow over the next 2-3 weeks. This should then propel the shareprice well over the 50c levels.
As a long time and long term investor I have time on my side and not concerned with daily fluctuations as long as the trend is upwards.
LIN Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
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