Not intending to add wood to the fire but, basic calcs indicate...

Not intending to add wood to the fire but, basic calcs indicate LKE will become insolvent in 10 months (9 if the SPP is not fully subscribed).
The SP won't withstand another 17% dilution, so another cap raise won't be the solution.

Cash at bank Dec23 31.3m
Cap raise 15.0m
SPP 5.0m (assuming fully subscribed)
Raise costs -1.4m

Total (A) 49.9m

Admin and corp expenses 18.3m (Dec23 quarter)
40% savings announced -7.3m

Quarterly cash burn (B) 11.0m

Quarters' worth of cash 4.5 (since Dec 23)
Quarters' worth of cash 3.5 (from Apr 24)