Yes in a nutshell, also reading between the lines we need...

  1. 545 Posts.
    lightbulb Created with Sketch. 416
    Yes in a nutshell, also reading between the lines we need bridging finance at a zillion percent to pay Jeffries to find a partner for the mine operation, so the partner will pay for the bridging finance that we won't be able to pay for if they don't find a partner, because LPD won't get enough money in another CR.
    The expectation of this has now gone from October this year to June next year, 6 months will probably be the limit of time for bridging finance, after that the
    limb LPD are on will breakoff.

    Further to the above, obviously DFC is off the cards as I alluded to previously because LPD will only get money from a Chinese investor( if at all), for the mine to be able to sell concentrate (after the concentrator has been renovated) which will only be able to be sold to Chinese converters. The Chinese are foreign entities of concern and the DFC won't lend on that basis, this is becoming more and more evident.

    At this point we need a strategic investor for a mine we don't fully own to sell concentrate to the Chinese. The ambitions of P1 project development are beginning to sink into the never never. If LPD does survive free cash flow will have a strangle hold on it. What happened about the arbitration hearing for the $5mill law suit?
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.