ASX Today, page-43576

On the funding note - as i recall bank syndicate funding of 760m and 550m was intended to refinance Ford facility as it has seniority and they don't coexist well. With convert notes LGES direction the board kept the Ford 300m facility at attractive rates, and added 379m in convert notes which was a spectacular move given the circumstances. Not sure how they pulled that off in fact.

Last Q they had 122m cash left after fully drawn the Ford facility (ref 8.6). The convert notes of 379m missed the quarterly as it was received after the quarter as per footnotes in 7.6. There should be liquid funding of around 400m to 500m handle the cyclic lithium price. I don't see any CR coming soon, but assessing if they are making profits is hard to tell without further guidance. Most likely until ramp up it would be making a loss with current pricing but the long term at current SP is certainly a good risk/reward for punters like me.



So plenty of fat left.