The mob from Altura has most likely learnt from their mistakes ,taking on debt a huge one!
Theres obviously pros and cons of raising funds by way of issuing shares but it ensures debt and its interest doesnt become a problem.
Ill provide some relevant colour for those that wish to read it. My man
@JackMamba might find this interesting.
- LTR's cash balance has more than halved over the past 12 months and now stands at $173 million.
- repayments on $525 million of debt will begin in September this year!
- Analysts have indicated a per tonne price of 1200 usd to service the exsiting debt and capex requirments.
Liontown have options to help such as an additional 100m debt from LG and 15m from the aus goverment for "struggling miners" but 525M is ALOT of debt to repay in a terrible pricing environment.
Given the cash pile Elevra will have post merger with no debt attached, id take a guess that if LTR or SYA were going to into care and maintenance, ide say LTR would be first.
Comments and thoughts welcome...
(20min delay)