Collateral of $15,000,000 share @ 0.035 = $525,000
Hence a $200k facility was added.
And a “further” $260k held in trust.
So:
Cash at bank $100k
Facility $200k
Trust $260k
——————————
TOTAL $560k
——————————
$560k/15,000,000 = 0.037333
Therefore @ 0.037334 they need use of the $4.5mil faculty.
But what are the terms of these three (3) facilities ?
Capital management has in the past, not been strong.
Ann: Quarterly Activities and Cashflow Report, page-20
Add LKE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3.8¢ |
Change
-0.001(2.56%) |
Mkt cap ! $63.40M | |||
| Open | High | Low | Value | Volume |
| 4.0¢ | 4.0¢ | 3.8¢ | $68.12K | 1.753M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 51 | 5320082 | 3.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.9¢ | 300000 | 1 |
View Market Depth
| Last trade - 16.10pm 03/10/2024 (20 minute delay) ? |
| LKE (ASX) Chart |