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3.0¢ latrobe magnesium limited

Ann: Corporate and Operations Update, page-13

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Ripluk

91 Posts.

7

24/06/24

22:41

Post #: 74468964
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Originally posted by kengaroo: ↑

"LMG is investigating the combination of a sale of part of site land and the sale and leaseback of the
site where the Demonstration Plant is in situ. It is expected that the combination of this approach could release a value for the site of up to $15M. These funds could then be used to assist with the financing of the Stage 2 mine planning work, bankable feasibility study, further test work and funding costs for the Commercial Plant."

Can anyone please shed light on what the following means and it's further implications?

"Sale of part of site land and the sale and leaseback of the site where the Demonstration Plant is in situ."

Ken

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Evening Ken,
I would hazard a guess and the red section could be a possible parcel of land sold, as LMG aren't using any part of this land. They only use the yellow section, FYI red section is depot of transport company who haul feed stock to site.

LMG Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.0¢		Change 0.001(3.45%)		Mkt cap ! $70.45M

Open	High	Low	Value	Volume
3.0¢	3.0¢	3.0¢	$5.234K	174.4K

Buyers (Bids)

No.	Vol.	Price($)
6	23456	3.0¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	131147	5

View Market Depth

No.	Vol.	Price($)
6	23456	0.030
7	228755	0.029
6	1635000	0.028
2	132000	0.027
1	150000	0.025

Price($)	Vol.	No.
0.031	131147	5
0.032	663956	3
0.033	30633	1
0.034	100679	1
0.035	9836	1

Last trade - 10.08am 18/09/2024 (20 minute delay)

LMG (ASX) Chart