its all a bit like what comes first , the chicken or the egg, plant finance is required before they are considered viable for mine funding I would suggest they are running to schedule with development of all assets and have now reached the point where major financial commitments need to be made to secure plant and commence the build all of which is standard commercial practice, so I am assured by my Accountant mate of 40plus years doing company books, its just unfortunate there have been so many delays caused by external factors like Covid I do note other rising stars have now sunk well below their sp. highs so we are certainly not alone yes at a personal level its all very disappointing but outside the BOD s control such are the best laid plans of mice and men I have made a very large personal investment in LPD with current losses that reflect the risk I have undertaken nonetheless I have no doubt that eventually with finance forthcoming things will look considerably better, just not in the time frame I had hoped for.
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its all a bit like what comes first , the chicken or the egg,...
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