Just doing some sums (theoretical of course) on LOM's liquidity position, that makes their situation very interesting and powerful:
Lulo JV :
had approx. $3m in the bank
Should get $8-10m from Feb sales
Maybe the 404 ct could be say $25m ??
Total: $30-40m (+ increasing production for the next 9 mths.)
LOM:
Had $1m in the bank
Raised $2.4m from 30c opns exercise
Should receive further $18m from 30c opns
Total: $21m
It looks like the group (JV + LOM)
Has a combined cash source of $50m
Considering LOM will receive 70% of all early distributions from the JV.....it now looks like it access to funds of about $45m.
No more C/R's until a kimberlite warrants it.
Best of all the BOD and Management can get on with job of running the company without SH and capital raising issues deflecting their attention on a regular basis
Lucapa Funds
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Last
4.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $13.05M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 220 | 4.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.7¢ | 13956 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 220 | 0.046 |
1 | 33207 | 0.044 |
1 | 10182 | 0.043 |
1 | 214567 | 0.042 |
1 | 100000 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.047 | 13956 | 1 |
0.050 | 3600 | 1 |
0.053 | 100000 | 1 |
0.055 | 30000 | 1 |
0.062 | 120000 | 1 |
Last trade - 16.12pm 30/08/2024 (20 minute delay) ? |
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