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.
Under 500k in the coffers is a non issue when you have $30+...
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Last
12.5¢ |
Change
0.005(4.17%) |
Mkt cap ! $144.1M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 12.0¢ | $49.92K | 399.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 549773 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 224920 | 1 |
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| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| LIN (ASX) Chart |