@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.
@tropic I think your interest calculations are out - the $22M...
Add LMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.0¢ |
Change
-0.003(4.76%) |
Mkt cap ! $116.1M | |||
| Open | High | Low | Value | Volume |
| 6.3¢ | 6.5¢ | 6.0¢ | $115.4K | 1.835M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 110500 | 6.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.2¢ | 1274665 | 3 |
View Market Depth
| Last trade - 16.10pm 21/05/2024 (20 minute delay) ? |
|
|||||
|
Last
6.1¢ |
Change
-0.003 ( 1.61 %) |
||||
| Open | High | Low | Volume | ||
| 6.0¢ | 6.5¢ | 6.0¢ | 437384 | ||
| Last updated 15.50pm 21/05/2024 ? | |||||
| LMG (ASX) Chart |