What you should be caring about is delays and dilution, they are the two factors that will affect your holding.
At the current rate of cash burn LKE only has 3 quarters of cash left (after end Q3) before having to raise cash at what will potentially be a very low SP and considerable discount.
$250,000 per day, every day is horrendous!
Ann: Fastmarkets Presentation, page-63
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Last
3.8¢ |
Change
-0.002(5.00%) |
Mkt cap ! $63.40M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.1¢ | 3.8¢ | $230.1K | 5.879M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 45 | 4289511 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 160348 | 3 |
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| LKE (ASX) Chart |