LMG 2.33% 4.2¢ latrobe magnesium limited

I will take up the offer. On past performance LMG will need...

  1. 71 Posts.
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    I will take up the offer. On past performance LMG will need every cent of the $6 million to keep the lights on and if they can't there is a real risk that the whole enterprise will founder and we shareholders will lose the lot. For me it is not a big outlay.

    I see four hurdles to successful completion of the demonstration plant:

    * shortage of tradespeople;
    * assay results and the extent of changes necessitated by them;
    * inability to achieve an economic efficiency level;
    * running out of money.

    From what I've seen, the last is by far the biggest and the only one I can do anything about.

    We don't need to worry about the competence or commitment of the staff at the plant; we just need a huge leap in performance from head office.


 
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4.4¢ 4.4¢ 4.2¢ $33.93K 798.8K

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4.3¢ 402315 1
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