Booash let me refer you to just a few of my past posts on the issue of CR. You will find that I have always quoted the company position.
9.2.24
You only have to look at the repeated company announcements on this subject which indicate that no Capital Raisings are anticipated this year (2024).
You only have to look at the repeated company announcements on this subject which indicate that no Capital Raisings are anticipated this year (2024). Now that's not to say (in my opinion) if an interested party comes along with an offer of $50m-$100m for shares at 30-40c per share that it would be rejected. It just may be accepted.
22.2.24
Alistair states that tenders for the mine construction went our last year. Replies have been received from the service providers and are looking good and appear in line with capital costs expectations. In other words Lindian has the funds to pay for the Stage 1.
Note that I am just communicating the company position. I have no opinion whether the company has sufficient funds for Plant Development and must do a CR or seek additional funding this year. Additional funds will definitely be required during 2025. I have no idea exactly when these additional funds will be required.
3.4.24
Contrary to what down rampers have been spruiking Alistair indicates that he sees various alternate options (to a CR dilution) in securing additional funds.
My understanding.....no capital raisings/placements anticipated during 2024.
