10 Steps to $1 BILLION +, page-22

HavingAGO

Did you not read in the announcement last week the update on funding? Here it is.


PROJECT FUNDING

"The Board expects that early-stage mine development works will be fully funded from existing cash reserves and is investigating other non-dilutive funding options. Considerable interest has been maintained from rare earths industry participants for offtake including the option for a pre-payment debt facility(s) for project development and the number of interested parties continues to expand."

Even Canadian company SCP recent note ( after its Malawi site visit) to its Institutional Investors states:

" The idea is minimise dilution, fund from existing cash, and potential repaid offtake and start generating cash and selling concentrate".

OPTIONS

The Options conversion was a backup which most likely will not come into play while the shareprice is at these levels. Lindian executives would not have anticipated the deterioration in the shareprice when options were mentioned.

SHAREPRICE

Yes we all know that LIN shareprice it is not "decent". Most ASX REE companies ( including much discussed MEI) are in a similar situation at year lows.

As Glory suggests... its a "great buying opportunity". When the shareprice recovers to previous highs we will be asking ourselves as to why we did not top up at those low levels.