With respect to some of the ill-informed commentary about LTR, I think a bit more proper investigation using the public announcements rather than pure guess work is in order. @dtab has his numbers right. As for capital raising, there has never been a capital raising of anything like the $2bn mentioned by someone. I think a raising of AUD464 or thereabouts was the number to initially fund the capex for the mine and plant which was supplemented by a loan facility from Ford of AUD300m.
Since then a further AUD376m was raised late 2023 to cover cost blowouts since the initial raise in November 2021 from memory. There is to be a revamped debt package to meet working capital requirements until positive cash flow is reached during ramp up phase after production starts late this quarter.
regards
DF
With respect to some of the ill-informed commentary about LTR, I...
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