Agree it is not off the ground and nothing a sure thing. But that goes for a few stocks...and plenty more expensive than LPD.
Remember though that Traxys would have done their homework thoroughly before taking on a 7 year binding deal. It is pretty serious revenue that the company will be getting and would not have been taken lightly.
Finance is not sealed and delivered yet.....but the ability to generate finance and produce the product MUST have been investigated before pen was put to paper.
Either that or a binding agreement has little meaning.
Finance inevitable for mine. The question is when.
It will have an impact on the B options in particular. IMO, the company has managed their option expiry dates shrewdly to maximise expiry from all holders.
A great idea
DYOR
Agree it is not off the ground and nothing a sure thing. But...
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $19 | 9.56K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 89 | 89268820 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 67191239 | 55 |
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| Last trade - 10.04am 01/11/2024 (20 minute delay) ? |
| LPD (ASX) Chart |