Despite prior assurances that they did not, it was glaringly obvious they needed operational and capex funding for sure - better equity than debt. But this step has more the indicia of a privatisation step IMO. It can't be what it is purported to be - "a strategic partnership" - a 10 year agreement to buy busted wine barrels to meet the current flavouring fad provides a strategy advantage - you have to be joking !!
Dilute the minorities, privatise and re-list down the track IMO.
Ann: Strategic Partnership and Equity Raising, page-5
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Last
98.0¢ |
Change
0.005(0.51%) |
Mkt cap ! $102.0M | |||
| Open | High | Low | Value | Volume |
| 97.0¢ | 98.0¢ | 97.0¢ | $43.68K | 44.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1737 | 98.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 98.5¢ | 1100 | 1 |
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| Last trade - 15.31pm 08/10/2024 (20 minute delay) ? |
| LRK (ASX) Chart |