Make no mistakes. This announcement is not about cost cutting. This announcement is about timelines getting pushed out. However, if they announced timelines getting pushed, the market would punish them.
So they disguise project slippage with a "cost cutting" exercise.
Ann: UPDATE ON COST REDUCTION ACTIONS, STRATEGIC PARTNER PROCESS, page-17
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Last
3.7¢ |
Change
0.001(2.78%) |
Mkt cap ! $61.73M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.6¢ | $82.85K | 2.249M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1569155 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 944575 | 9 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| LKE (ASX) Chart |