Correct.
Any lender half worth their salt would ensure that all offtakes are both binding and secure before lending a large amount of money.
After all, money generated from by product offtakes are meant to be crucial for LPD cashflow and the ability to pay back a loan.
The by products is one of the key features for the unique LPD model and is a significant selling point.
No secure offtakes in four years stinks and only signals red flags for potential lenders.
Due diligence should revolve around why these offtakes can't be secured.
Therefore finance is very unlikely now and company will fold soon imo.
Managements Awkward Silence, page-100
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $17.17M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $16 | 8.197K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 91 | 68329622 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 60103540 | 38 |
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| LPD (ASX) Chart |