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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 (20min delay)
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Last
6.9¢ |
Change
-0.001(1.43%) |
Mkt cap ! $20.30M | |||
| Open | High | Low | Value | Volume |
| 6.9¢ | 6.9¢ | 6.9¢ | $3.795K | 55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 71971 | 6.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 33632 | 1 |
View Market Depth
| Last trade - 10.51am 18/06/2024 (20 minute delay) ? |
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Last
6.7¢ |
Change
-0.001 ( 2.33 %) |
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| Open | High | Low | Volume | ||
| 6.7¢ | 6.7¢ | 6.7¢ | 10000 | ||
| Last updated 10.51am 18/06/2024 ? | |||||
| LOM (ASX) Chart |
