Encouraged by the facts that LIN had $20m cash at 31 March 2024 and raised $9m in March 2023 at 26cps and $35m in July 2023 at 33cps, including sizeable contributions by directors.
At 15.5cps now this augurs well in light of the announcement today. Happy jumping in this morning. This is mooted as Stage 1 for the project at very low capital plus there are other projects.
Think the analysts will be starting to wrap some numbers around LIN and will be interesting to see where they get to. Particularly in light of the money put in last year and hopefully in light of the cash held the current momentum won't be crushed by a CR. Based on the numbers in the FS this should be fully financeable and if the directors can't do this something must be wrong.
Financing of the project should also give an uplift.
Encouraged by the facts that LIN had $20m cash at 31 March 2024...
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 |
| 11.0¢ | 11.0¢ | 11.0¢ | $30.51K | 277.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 243414 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 40000 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LIN (ASX) Chart |