Its a 6% fee according to the announcement, not interest.
But lets run with it.
Explain to me how the bank is being supportive of you buying your house if they charge interest on your mortgage? Should you consider a mortgage to buy a house? Or keep saving while paying rent or living at your parents.
Ok, back to LKE.
They're being supportive by making the money available - of course under conditions, its not a charity after all.
The amount of money made available (and therefore the amount paid as a fee) reduces by how much people chose to support the company themselves. Everyone could work together to reduce the 6% underwriting fee to $0, if we all exercise the options.
Without the underwriting agreement, LKE needs to be careful and maybe not spend the money required to drill Cauchari because there's no guarantee the money would come in from the options.
Did you see an announcement today about drilling Cauchari? The company has the confidence to proceed with exploration work faster, because they have the backing and support of their shareholders.
Whats your definition of support? What are you doing to support the company? Are you just trading LKE shares and LKEO options on the secondary market trying to make a profit on the potential rise in share price, disregarding the companies success completely?
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22 | 2361649 | 0.037 |
25 | 1816638 | 0.036 |
34 | 6236459 | 0.035 |
5 | 623556 | 0.034 |
Price($) | Vol. | No. |
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0.040 | 284793 | 8 |
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