As at 31 DEC 2024, LKE have 4.25 quarters, until they run out of cash.
But, that's based on a SP of 4.2 cents.
Qtly report dated 30 JAN 2025:
"...based on the prevailingshare price of $0.042on 31 December 2024. There is no guarantee that the Company will be able to execute a utilisation under the Agreement, which is subject to, for example,market conditions and the prevailing share price."
If the SP drops below 4.2 cents, LKE have less than 2.0 quarters of cash remaining.
Now you know why, they are trying to tap the shareholders.
With the SP @ 3.3cents, Acuity (ATM) facility won’t touch them.
IMO DYOR
LKE Price at posting:
3.3¢ Sentiment: Sell Disclosure: Not Held
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