LRS 2.17% 23.5¢ latin resources limited

LTR was good buying sub $1Last weeks finance announcement is...

  1. 7,703 Posts.
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    LTR was good buying sub $1

    Last weeks finance announcement is nothing more than “we submitted the application, it’s looking good” announcement.

    Head to page 4 under other and in reality to get the loan facility they are moving to the banks telling them how to run things.

    The last bullet point is a ripper.

    Huge amount of requirements.

    They would be better off hitting the market with a $250m entitlement offer at $1 and then allow themselves and the SP some breathing space.

    The banks are now telling LTR what to do. Not a good look.

    IMO


    Last edited by GARETH78: 17/03/24
 
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