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
98.5¢ |
Change
0.010(1.03%) |
Mkt cap ! $103.5M | |||
| Open | High | Low | Value | Volume |
| 97.0¢ | 98.5¢ | 97.0¢ | $44.76K | 45.87K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 4225 | 96.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.00 | 26211 | 2 |
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| Last trade - 15.55pm 08/10/2024 (20 minute delay) ? |
| LRK (ASX) Chart |