Hopefully 5.1c is the new bottom and the share price can consolidate around the low to mid 5cents before the next announcement. If the ATO finally green-light the $12.5 million tax payment no cap raise will be required and the handbrakes will be well and truly off the share price imo. On the other hand, if the decision is delayed for too much longer then LMG will very likely need to do another cap raise to cover outgoings.
Ann: Magnesium Oxide Production, page-44
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