These are very stupid comments. Not only you, the company also knew they were going to burn cash. Every new business does until they normalize production and sell their products. For that reason LTR secured funding from LG. Therefore, the alleged CR has already been done by a flexible agreement (debt or equity at 1,80AUD). There is no need for CR for a year.
In top of that, they agreed to sell a new, not provisioned product to Sinomine, that will add about 80 million AUD to the cash. This deal wasn’t secured before LG signed their deal, so it add to the provision.
Do SOME research before posting nosense!!
These are very stupid comments. Not only you, the company also...
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