For the liars and obfuscators out there, the debt facility was only going to be not required if LTR managed to arrange a replacement "long term" debt package in the period up to June 2024. That remains a possibility although I did not see a remark about progress on that front.
It was always the case that debt would be necessary to fund working capital during ramp up. In any event, as I have posted previously, using debt to supplement equity is the most efficient way to fund a business to optimise return on equity. That is because cost of debt is a deductible expense. To characterise debt as a bad thing is foolish and only highlights the type of trolling and obfuscation agenda that some posters pursue.
regards
DF
For the liars and obfuscators out there, the debt facility was...
Add LTR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.39 |
Change
-0.015(1.07%) |
Mkt cap ! $3.357B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.43 | $1.36 | $11.46M | 8.267M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16000 | $1.38 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.39 | 66475 | 2 |
View Market Depth
| Last trade - 16.10pm 13/05/2024 (20 minute delay) ? |
|
|||||
|
Last
$1.38 |
Change
-0.015 ( 1.88 %) |
||||
| Open | High | Low | Volume | ||
| $1.40 | $1.43 | $1.37 | 2417000 | ||
| Last updated 15.59pm 13/05/2024 ? | |||||
| LTR (ASX) Chart |