"Has Lke/lilac not been given an EOI to fund the project completely until construction"
Please show me where the company has stated that the project is funded until construction.
This is a company that had $185M in the bank in 2022. That has dwindled to $60M. They have gone from "funded till FID" to "funded till DFS". They spent $29M in cash last qtr. On what exactly?
They require 280km of HV infrastructure to cost what $300M USD? For a company with a mkt cap of $240M AUD. The CAPEX of the plant will be circa $1.5B USD.
They have no guaranteed funding in place (besides the ATM). Lilac raised $150M USD 2 years ago, but have been running multiple projects in parallel. Guessing their funding is drying up.
It smells pretty fishy if you ask me
"Has Lke/lilac not been given an EOI to fund the project...
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Last
3.7¢ |
Change
-0.001(1.35%) |
Mkt cap ! $60.90M | |||
| Open | High | Low | Value | Volume |
| 3.7¢ | 3.7¢ | 3.6¢ | $55.4K | 1.499M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 20 | 817008 | 3.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.7¢ | 585372 | 7 |
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| Last trade - 14.10pm 09/09/2024 (20 minute delay) ? |
| LKE (ASX) Chart |