LMG 5.41% 3.5¢ latrobe magnesium limited

general discussion, page-2251

  1. 1,921 Posts.
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    Well, Looks like they issued the shares and options for the loan facility extension from $25M to $28M

    • 16,887,500 shares issued at AUD 0.00001
    also
    • 33,775,000 options to be issued to the lender exercisable at $0.079 expiring 12 Aug 2027.
    • 16,887,500 options to be issued on drawdown of $3M in Sep 2024 and
    • 16,887,500 options to be issued on drawdown of$3M in Jun 2025.

    That will take the total shares on issue to about 2.65B

    The options as unquoted securites will be added to:
    LMGAG : OPTION EXPIRING 12-AUG-2027 EX $0.079 51,337,937
    LMGAC : WARRANT EXPIRING VARIOUS DATES EX VARIOUS PRICES 80,000,001
    LMGAD : OPTION EXPIRING 23-MAY-2025 EX $0.10 15,000,000
    LMGAE : OPTION EXPIRING 22-DEC-2025 EX $0.10 3,000,000

    . Total unlisted securites will be about 180M. Interesting that the exercise price has dropped from 10c to 7.9c for the latter issues. I take that as a realisation that they don't expect to hit 10c in October if they announce MgO production and the expectation at this stage is near 8c.

    I hope the next 5 weeks go quickly!



 
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