Debtor Finance Facility and Asset Based Facility just executed which will fully fund their capital expenditure requirements to exceed their 450GWh business plan.
This should de-risk LPE quite a bit, so the market reaction will be interesting. Maybe the brakes will finally come off?
Not with one of the big four banks....Moneytech Finance Pty Ltd.
"Moneytech is a commercial finance company which was founded by CEO Hugh Evans in 2003. It is a wholly owned subsidiary of US domiciled Source Financial, Inc (Source), since a reverse merger in mid 2013. Since the merger, Source has divested of all prior business units, and today consists of its Australian asset finance and payments businesses. Moneytech offers two main products:
Credit Express which is a trade finance product offering limits from $25,000 to $5m, and; Confirmed Capital which is an invoice receivable product with limits from $250,000 to over $10m".
Ann: Debt Facility Terms Signed, page-3
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Last
15.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $27.03M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 15.5¢ | 15.0¢ | $3.752K | 25K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 250348 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 10000 | 1 |
View Market Depth
| Last trade - 10.31am 18/11/2024 (20 minute delay) ? |
| LPE (ASX) Chart |