Warwick Grigor is on the opinion that large mining companies such as BHP, RIO or billionaires like Twiggy may make a play for Lindian. Highly unlikely that Institutional Investors will invest the $40-$60 million that LIN is looking for. As most have investment constraints that apply I can only see a few $million being offered.
The fact that it is taking so long to secure funding leads me to believe that banks or other large lending organisations are in play. They will need security of some type such as 100% ownership of the asset.
We should know soon.
Africa Down Under Conference, page-12
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Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $132.5M | |||
| Open | High | Low | Value | Volume |
| 11.0¢ | 11.5¢ | 11.0¢ | $10.00K | 90.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 707556 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 384777 | 7 |
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| LIN (ASX) Chart |