LRS 3.45% 14.0¢ latin resources limited

Just had a quick glance over and noted the following:- Net...

  1. 193 Posts.
    Just had a quick glance over and noted the following:
    - Net assets deteriorated from negative $737k to negative $2.5m, largely owing to a drop in cash, along with 31 Dec 2019 being an outlier due to a $1.7m GST receivable.
    - The good thing is that there isn't a significant operating activity cash flow deficiency (as was evident in the prior 6 month comparative period), however a cap raise may be warranted, given the cash balance is at $185k, which represents roughly 9 months of operating activity cash flow requirements (not considering investing activities, which amounted to $246k for the 6 months).
    - Further, a large portion of the deferred consideration for the Guadalupito Project ($1.5m) is now owing in the next 12 months, which contributes to further pressure for a cap raise. However, it is noted that some of this can be paid in shares, in conjunction with cash (however obviously this will be a slight dilution, not too material).
    - Strong price discount for Integra's shares, per page 8 (likely $0.005 per share) - not sure if this was mentioned previously. Up to 40,926,533, which at the current share price, if exercised today, would mean our market cap would increase to $18.9m (not material).

    Business as usual really - nothing too alarming or amazing.
 
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Last
14.0¢
Change
-0.005(3.45%)
Mkt cap ! $391.9M
Open High Low Value Volume
14.5¢ 14.5¢ 13.5¢ $1.358M 9.893M

Buyers (Bids)

No. Vol. Price($)
14 1825352 13.5¢
 

Sellers (Offers)

Price($) Vol. No.
14.0¢ 798256 10
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Last trade - 16.10pm 30/07/2024 (20 minute delay) ?
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