The loan facility is for a minimum of $2m, which I assumed meant they could draw more, it just has to be used specifically on funding the conversion process i.e. not for advertising or admin costs, which is great as those costs are used to generate revenue. IMO and as others have said the facility will take them through to positive cashflow and beyond. They just need to ensure the terms of the loan don't leave them in a pickle.
Interesting close - $1 worth of shares bought to fill up a 100k buy order that was 99.9% filled at .025. Traders looking at the charts probably won't see it unless they are in the habit of checking the course of sales, they'll just see a 13% rise on small volume. We might see some selling in earnest at around the .025 level if buyers come in. If I missed the low so be it, will certainly be keeping an eye intraday this week.
I'm hoping many punters were more interested in the cup today, and tomorrow will see the interest pick up in this one.
LPE Chart, page-48
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Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $18.92M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.5¢ | $55.12K | 501.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 235000 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 123436 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 235000 | 0.100 |
1 | 100000 | 0.090 |
1 | 50000 | 0.085 |
1 | 100000 | 0.084 |
1 | 20000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 123436 | 1 |
0.115 | 161454 | 1 |
0.120 | 827427 | 3 |
0.125 | 166967 | 4 |
0.130 | 127000 | 3 |
Last trade - 12.53pm 06/08/2024 (20 minute delay) ? |
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LPE (ASX) Chart |