Funding Versus a Capital Raise

This thread is for Mr Joey as requested.

I do not understand why posters keep on raising the issue of a possible capital raising around the corner which is the reason why fund managers/institutions are holding off from investing in Lindian.

You only have to look at the repeated company announcements on this subject which indicate that no Capital Raisings are anticipated this year (2024). Now that's not to say (in my opinion) if an interested party comes along with an offer of  $50m-$100m  for shares at 30-40c  per share that it would be rejected. It just may be accepted.

I refer you to the last two company announcements re possible sources of funding if required:

Announcement 1^st Feb 2024

“….As our quarterly report reiterates, we are well funded with lots of optionality to fund our Stage 1 plant and the initial early works phase which will be underway soon.”

Announcement 31^st January 2024

“….As well as the Sale and Purchase contract, Gerald may advance Lindian US$10m via a ROM finance facility.”

“ Sale and Purchase Contract revenues underpin Stage 1 Project Development cashflows….”

“…Negotiations ongoing with industry participants with project funding and product sale and offtake agreements.”

“Lindian and C & D logistics Group have also committed entering discussions on funding to develop Gaoual, ( Bauxite Project) through prepayment arrangements.”

“ At the end of Dec Quarter Lindian had cash reserves of $19.7m.”

“With a strong cash balance of $20m and multiple avenues to access varying forms of non-dilutive capital, the Board is very comfortable with Lindian’s financial position and has the flexibility to execute our current work programs and immediate strategic objectives.”

“Estimated quarters of funding….5.76.”

“ ….Does it ( Lindian) propose to take any steps to raise further cash to fund its operations?”   NO