To be honest not a bad announcement.....
SP up 8 cents....
After Ford repayment an extra $250m.....
To complete construction & working capital while they commission....
A few questions....
Why only for 18 months???
BBSW about 4.3% + up to 4%, call it 8%....
The banks realise there will be no free cashflow over next 18 months so let them capitalise the interest....
At least they are realists....
Supposedly they had enough funds to complete construction.....
Now they say this loan is to repay Ford loan & complete construction.....
How much extra is construction costing?????
It was suppose to be covered by funds on hand!!!!!
This is a lot of debt for a high cost producer in this current LIT environment......
Yes LIT prices are up off lows....
Benchmark, fast markets don't expect it to continue...
Don't be surprised if they cap raise while the SP is up.....
That would be the smart thing to do.....
To be honest not a bad announcement.....SP up 8 cents....After...
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Last
$1.29 |
Change
-0.045(3.38%) |
Mkt cap ! $3.115B | |||
| Open | High | Low | Value | Volume |
| $1.33 | $1.34 | $1.28 | $6.446M | 4.982M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 185188 | $1.28 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.29 | 83057 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
-0.045 ( 2.99 %) |
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| Open | High | Low | Volume | ||
| $1.34 | $1.34 | $1.28 | 1548931 | ||
| Last updated 15.59pm 04/06/2024 ? | |||||
| LTR (ASX) Chart |