I agree with some of the points you make, because the transition from explorer to producer is always the most risky process in the life of any company. Not that I think that the price environment has much to do with the commissioning risk, but it comes more down to proving that the engineering and parts selection/quality has been done properly. Personally I think a great deal of care has also gone into the selection and training of personal undertaking the commissioning leading up to production. So LTR, it seems, is as well prepared as is possible to undertake this transitioning process with a selection of spare parts also on hand just in case.
The funding situation is a bit of an unplanned and unforeseen setback, however I see it as manageable and look forward to more or better alternative news to be released relatively soon so that the currently negotiated facility might not even be required. I bet management is busy with that right now, but can be confident that upcoming commissioning is in capable hands!
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Last
$1.50 |
Change
0.070(4.91%) |
Mkt cap ! $3.624B | |||
| Open | High | Low | Value | Volume |
| $1.41 | $1.50 | $1.41 | $16.07M | 10.94M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 24460 | $1.50 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 352520 | 32 |
View Market Depth
| Last trade - 16.10pm 17/05/2024 (20 minute delay) ? |
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Last
$1.50 |
Change
0.070 ( 6.56 %) |
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| Open | High | Low | Volume | ||
| $1.41 | $1.50 | $1.41 | 3749970 | ||
| Last updated 15.59pm 17/05/2024 ? | |||||
| LTR (ASX) Chart |