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
- There are more pages in this discussion • 36 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 LOM (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.7¢ |
Change
-0.008(7.62%) |
Mkt cap ! $28.04M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 9.7¢ | $32.50K | 325.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 9999 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.0¢ | 13313 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 9999 | 0.097 |
1 | 10526 | 0.095 |
1 | 3500 | 0.091 |
2 | 106000 | 0.090 |
1 | 6180 | 0.081 |
Price($) | Vol. | No. |
---|---|---|
0.100 | 13313 | 1 |
0.105 | 313897 | 2 |
0.110 | 1027981 | 8 |
0.115 | 127100 | 3 |
0.120 | 6000 | 1 |
Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
Featured News
LOM (ASX) Chart |