LTR 4.35% 77.0¢ liontown resources limited

Ann: Kathleen Valley Funding Package, page-465

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  1. 3,729 Posts.
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    Excellent work as always! Thank you.Our forum is blessed with such thorough contributions.

    Just in relation to the covenants, I note that "Distributions to parent are permitted quarterly" subject to compliance with covenants. I am assuming, perhaps mistakenly that therefore if we are profitable we will be meeting the covenant regime.

    So in those circumstances, cash flows to the parent on an after tax basis would flow and that whatever dividend policy LTR introduces, will deliver potential for dividends to be paid. Of course that policy will be conservative in early years, but if the prices achieved for our chemicals are robust, we could be receiving quite decent dividends from perhaps the second year of production?

    regards
    DF
 
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