LMG 3.57% 2.7¢ latrobe magnesium limited

Ann: Corporate and Operations Update, page-2

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,212 Posts.
    lightbulb Created with Sketch. 1133
    "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
 
watchlist Created with Sketch. Add LMG (ASX) to my watchlist
(20min delay)
Last
2.7¢
Change
-0.001(3.57%)
Mkt cap ! $63.41M
Open High Low Value Volume
2.8¢ 2.9¢ 2.7¢ $5.345K 191.0K

Buyers (Bids)

No. Vol. Price($)
2 262895 2.7¢
 

Sellers (Offers)

Price($) Vol. No.
3.0¢ 200000 1
View Market Depth
Last trade - 16.10pm 13/11/2024 (20 minute delay) ?
LMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.