Thanks mate, hopefully not the case. I would have thought Ron stating in a presentation recently that the funding being a standard mix of debt to equity would have caused this rather than insider? Although extremely common it would be unfortunate and disappointing if it is the case.
I hope that the low capex and the strategic importance and demand for LRV's in ground asset would have managed to avoid any capital raise but from Ron's statements it doesn't seem that way. Ron doesn't really strike me as someone silly enough to risk something like this but there are many players involved around the DFS and funding so who knows.
Either way it's the last thing LRV needs really.
Thanks for letting us know.
LRV Price at posting:
73.0¢ Sentiment: Buy Disclosure: Held
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