Hi whatsnext,Well done on LMB it is a very exciting story- I...

Hi whatsnext,

Well done on LMB it is a very exciting story- I have only been following it for the last month and whilst I research it seems to go from strength to strength. I wish I felt comfortable pulling the trigger early as it would have made me some great returns already but happy to wait until I feel comfortable. I have been a holder of SYR for a long time now which has given me a great impression of what graphite explorers are capable of. Another with potential is MRF however their management, cash balance and shares on issue is a worry.
Given your history in LMB are you able to give me an insight into their current cash position? With ~1m in the bank (including the remaining cash to be received from the last issue) along with 1.25 refund from the ATO and ~5m facility from Singapore do you foresee a need to raise again?
It is not overly a concern as it would appear any raising will be on far superior terms than last time.

Would appreciate any insights.

Waiting for this BBR announcement is very suspenseful!