LIN 4.35% 11.0¢ lindian resources limited

Ann: March 2021 Quarterly Activities and Cashflow Reports, page-6

  1. 62 Posts.
    lightbulb Created with Sketch. 53
    Under 500k in the coffers is a non issue when you have $30+ BILLION of raw product to sell.

    They can fund all projects with offtakes .

    Prospective buyers can give them a large sum up front to get the project underway and secure a contract and then get 'free' bauxite until all infrastructures/mining operations are in place.
    Then when the debt is paid back to the customer via the offtake product normal business resumes and you start to make profits.

    Thats how many mining start ups gain funding so they don't need to go into debt or get a loan.
 
watchlist Created with Sketch. Add LIN (ASX) to my watchlist
(20min delay)
Last
11.0¢
Change
-0.005(4.35%)
Mkt cap ! $126.8M
Open High Low Value Volume
11.5¢ 11.5¢ 11.0¢ $35.23K 316.7K

Buyers (Bids)

No. Vol. Price($)
15 650995 11.0¢
 

Sellers (Offers)

Price($) Vol. No.
11.5¢ 250000 3
View Market Depth
Last trade - 16.10pm 12/09/2024 (20 minute delay) ?
LIN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.