Found the answer.
The structure of the old deal was horrific. Sounds like it was structured so that it essentially ended up being in Lind’s interests to short the stock (or at least to have a lower LRS SP), because this would mean Lind would receive a larger number of shares in that monthly payment.
From what I can tell the current deal is structured to be in the favour of shareholders (or at least to not hurt them).
Yep
I do agree with you that $2.5m is short term. If the cash is used on both Brazil and Cloud 9 then I anticipate it will get us through to approx November this year.
Ann: $2.5m Option Funding Agreement to Advance Projects in Brazil, page-52
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LRS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
0.010(4.65%) |
Mkt cap ! $630.3M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.8¢ | 21.0¢ | $7.375M | 33.24M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 521810 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 413310 | 3 |
View Market Depth
| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| LRS (ASX) Chart |