Seems like it. Per the last Quarterly Ann, LOT had an estimated 12.6 quarters of funding, so this new CR is not to keep the lights on.
Could be quite value accretive for holders.
Ann: Trading Halt, page-6
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Last
22.0¢ |
Change
-0.015(6.38%) |
Mkt cap ! $402.9M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 23.0¢ | 21.5¢ | $1.471M | 6.582M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1024223 | 21.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 75132 | 3 |
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| Last trade - 16.10pm 22/08/2024 (20 minute delay) ? |
| LOT (ASX) Chart |