Same feeling here, LCK should still have $15m+ AUD in the bank ($11m+ if they are reckless), supply/demand looks good for the business, not rocket science but 100+ years of proven chemistry, every capital investment is off-the-shelf, the upsides are literally too many to count
why agree to such funding terms!!??? If they shop around in S. Korea (even Japan), I'm sure they can find a much better partner with much, much better terms.
I've been through placements of this kind of terms twice, both ended in a disaster lasting longer than 24+ months (85%+ paper loss was not uncommon for me during those agonising 24 months).
With all the liquidity in the world, why is there even an appetite for this!?
(20min delay)