Hello @oberte I don't know if you read my last post in the General thread but the information will answer your question. An agreement has been "inked", and progress towards sale and lease back is being made.
The following is an extract from the article.
"Latrobe Magnesium to reap significant savings from new lease arrangements
By Colin Hay - November 22, 2023"
"Latrobe Magnesium (ASX: LMG) expects to gain a number of benefits from a new financing arrangement for its innovative magnesium production pilot plant in Victoria’s Latrobe Valley.
The company has inked an agreement to lease finance some $10.4 million of its demonstration plant equipment for the life of its project. The lease finance is projected to reduce Latrobe’s ongoing debt levels to around $5.1 million from 1 January 2024."
Regards Ken
LMG Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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