Given how dire the sector sentiment is, this is probably hopium but my assumption of what mgt are thinking is below.
There is some basis for me setting out these prepayment amounts (A11 have publicly stated they have asked for $75m - $100m in prepayment for their offtakes as well).
- August DFS will be a SP catalyst as it will show a new output scenario as high as 800ktpa (~3 years after first production), plus AISC costs to remain consistent with PEA (demonstrating that we can make money at most SC6 spot prices).
- Followed up a week or two later by an offtake with up to $100m cash prepayment - which would be an obvious catalyst for the SP (which could be made larger again depending on who the party is who signsw ith us).
Hopefully after this news flow the rerate puts us back up at least to ~25 cents and we raise somewhere at these levels for working capital (although as you say, there is going to need to be another larger equity raise at some point - unless they plan to raise the entire balance of capex via debt financing).
Another scenario could be the potential for them to sign not just one but two offtakes and both have prepayments attached, which could raise a total of ~$150m, leaving just the $100m for debt financing (consistent with Sigma's debt finance amount).
LRS General Discussion, page-18500
-
-
- There are more pages in this discussion • 600 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LRS (ASX) to my watchlist
|
|||||
Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $559.8M |
Open | High | Low | Value | Volume |
20.5¢ | 20.5¢ | 19.8¢ | $22.94M | 114.8M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
35 | 13941804 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 138281 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
31 | 12734636 | 0.195 |
28 | 5096413 | 0.190 |
14 | 4212108 | 0.185 |
16 | 2555305 | 0.180 |
17 | 2577929 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 138281 | 1 |
0.205 | 2973864 | 17 |
0.210 | 3319830 | 25 |
0.215 | 2701228 | 27 |
0.220 | 3879796 | 39 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
Featured News
LRS (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online