Chairman to present at Noosa Mining Conference, page-109

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dugsab

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22/06/24

12:24

Post #: 74437699
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Originally posted by sowens: ↑

Oh dear in the quarterly report 31st March 2024 LKE reported a cash positive position of over $30 million with zero debt but by all means talk about credit cards and unpaid wages. Why not make other stuff up like the lease expense on dragons or the outlay on fairies at the bottom of the garden, it all adds up. I got some other guy telling me that it will cost hundreds of thousands to clean up the shed.
It's just as likely they could sell the shed as transporting building material up into the Andes would be more expensive that buying a shed already in the Andes. I can't believe the conversation is at such a low level not seen since dug declared that like Napoleon, Lake would be defeated by altitude. I still get a laugh from that if the joke is not obvious just check a topographical map between Paris and Moscow. There's a reason they call this area the low countries. Froze on a mountain in Holland did he?

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Now...now mate...no need to get upset.

I know you are emotionally, and financially invested.

LKE has Creditors, that's a fact.

And those Creditors will become more significant as we approach Q1 2025, and LKE ponders whether they are able to pay their debts, as and when they fall due.

Re "quarterly report 31st March 2024 ":

No further comment necessary.

IMO DYOR

LKE Price at posting: 4.7¢ Sentiment: Sell Disclosure: Not Held
4 Upvote

0 Great analysis

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Chairman to present at Noosa Mining Conference, page-109

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Chairman to present at Noosa Mining Conference, page-109

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