I stand corrected, drawdown not available due to EBITDA. need 2.5x interest coverage per the loan terms. Unlikely to meet that at 30 June 2023 I'd suppose. No biggie really. So they will need a debt package for the new distillery. And an alternative working cap loan arrangement. I have some other theories but very speculative in nature so will keep to myself for now this commentary on CR and Cashflow, if anyone reads these threads will hopefully keep a lid on the SP for the next 6 months so we can get set (I am already set, but would, if I had the cash, double down here)... I have 3 biotechs commencing trials in the next 3 months, and 2 O&G explorers drilling in Q3 so, with some luck, will be back buying for a Christmas rally!... Yes, Lark is technically my highest quality, lowest risk investment (it is actually generating revenue)......
LRK Price at posting:
$1.75 Sentiment: Buy Disclosure: Held
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for now this commentary on CR and Cashflow, if anyone reads these threads will hopefully keep a lid on the SP for the next 6 months so we can get set (I am already set, but would, if I had the cash, double down here)... I have 3 biotechs commencing trials in the next 3 months, and 2 O&G explorers drilling in Q3 so, with some luck, will be back buying for a Christmas rally!... Yes, Lark is technically my highest quality, lowest risk investment (it is actually generating revenue)......
(20min delay)