@tropic I think your interest calculations are out - the $22M comes in a little over $3m per year or $256k per month but your concerns are well founded. If LMG were wildly successful and produced 1000 tonnes of Magnesium over the next 12 months I have that as about AUD $4.2 m in revenue based on what I can see on the price of Magnesium. Just slightly above the interest bill. If the ATO pays the full $12 M applied for the interest bill comes down to ~ $1.4 M plus whatever additional the draw down on the ~ $4 M available.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-8
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Last
1.1¢ |
Change
0.002(22.2%) |
Mkt cap ! $28.89M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.2¢ | 0.9¢ | $172.8K | 16.48M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 860000 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 3110744 | 3 |
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| Last trade - 16.10pm 18/07/2025 (20 minute delay) ? |
| LMG (ASX) Chart |