Ann: Rights commence trading on ASX, page-26

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14/10/22

12:06

Post #: 64199110
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Originally posted by able77: ↑

@Joehax
"Considerable progress has been made in Namibia and Abu Dhabi with regards to options for a
complete financing solution for the Phase 1 Project. It is envisaged that lender due diligence will
be finalised following completion of chemical plant FEED, allowing credit approvals to be sought
by all lenders during the March 2023 quarter. Strategic equity options are also being advanced
that collectively, along with debt are intended to provide full funding for Phase 1. This outcome
would mean that the current Entitlements Offer may represent the last opportunity for investors to
participate in a pro-rata issue prior to Lepidico becoming a producer"

"Offer may represent" ....

Like all CR's you need to work out your OWN expectation of any further CR''s
This may be is what it says ...... maybe and as I know with maybe's it is MOST likely NOT.

Just a little reminder I did post earlier that we would most likely be looking at another CR after this one in 2023, and most likely within 6 months.

Up and coming finance will always I would say require shareholders to be part of that.
Finance for the plant ... and shareholders to contribute for worling capital.
LPD will require working capital within 4 to 6 months, so you will be looking at another.
Keep this in mind always with your investments decisions

DYOR

Expand

Between this raise, a strategic investor, and the options, there will be plenty of cash I think, ove $30m in fact.

LPD Price at posting: 1.9¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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