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12.5%

3.6¢ latrobe magnesium limited

if so perhaps this could be the reason for the high interest...

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wenty

3,576 Posts.

3422

14/12/21

12:30

Post #: 58280428
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Originally posted by wenty: ↑

So R&D rebate to come Jan 2022, and first tranche draw down of $10mil to be done before feb 2022…if we assume rebate is around the same it was last year of about $9mil, could LMG wait for the R&D rebate in January, THEN draw down $10mil first tranche and instantly pay some/most of it back, thus significantly reducing the interest in that first tranche? Rinse and repeat for the second tranche?

just thinking out loud here..

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if so perhaps this could be the reason for the high interest rates: management have flagged they will be making lump sum repayments therefore high interest rates so that the lender can make a buck?

LMG Price at posting: 9.9¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 3.6¢		Change 0.004(12.5%)		Mkt cap ! $82.19M

Open	High	Low	Value	Volume
3.5¢	4.0¢	3.4¢	$63.88K	1.713M

Buyers (Bids)

No.	Vol.	Price($)
3	18626	3.6¢

Sellers (Offers)

Price($)	Vol.	No.
3.8¢	102000	3

View Market Depth

No.	Vol.	Price($)
3	20206	0.036
2	199146	0.035
1	25000	0.033
3	137906	0.032
1	95000	0.031

Price($)	Vol.	No.
0.038	148042	4
0.039	202000	3
0.040	941557	6
0.042	50000	1
0.044	150000	1

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