Fully agree, the tax rebate is a big worry. The overruns have been enormous. I wish I had the brain power right now to go right through LMG's finances. Where did that 7.5 million go??
7.5million that was specifically for the operation of the demo plant, Not the construction. How did we end up so blinking tight for cash???
We will get to the pointy end of commissioning and then need operating funds. Funds that up and vanished like a fart in the wind. Likely another cr for operating the plant not that far away.
What should have coiled the sp up like a spring, as we build up to Mg production, has been mangled.
I have patience and have always demonstrated resolve but that does not mean there are not concerns.
The next report better be a ripple but I sense troubled waters ahead for a while. More delays, certainly wouldn't be a surprise.
My sails are set and have not traded one bit. The last purchase was in December and I still hold with conviction and in profit.
Nevertheless, I am watching like a hawk.
LMG Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held
