LBT
Click for more information
0.00% 1.4¢ lbt innovations limited

The $10m in the bank is more important than anyone has...

  1. Rat1973
    1,667 Posts.
    lightbulb Created with Sketch. 34
    clock Created with Sketch.
    15/11/19
    15:42
    Post #: 41451115
    The $10m in the bank is more important than anyone has commented. The Board were ‘boo hooeed’ for raising capital when they had previously said they had enough cash to get them through to 2020.

    They may well have been just about to enter negotaiations with a distributor and the capital raise to get to $10m cash at bank gave the balance sheet strength, a position of strength in negotiations. Potentially a great strategic move
    Last edited by Rat1973: 15/11/19
    LBT Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 9  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS New drilling at the Rogozna Project delivers a standout intercept, highlighting significant resource expansion potential
right-arrow Created with Sketch.
NEWS Discover how gas production wells are progressing with successful drilling and promising early gas flows
right-arrow Created with Sketch.
RDN Preliminary interpretation of Andover South reveals key NE-trending corridor hosting lithium mineralization
right-arrow Created with Sketch.
NEWS $140,000 in grant funding has been secured for drilling at Golden Ridge, with preparations underway for two exciting prospects
right-arrow Created with Sketch.
NEWS High-grade manganese found at the W2 prospect in Wandanya
right-arrow Created with Sketch.
NEWS Uncover the potential at the Storm Project, where exceptional RC drill results reveal 22.9m at 8.5% Cu, indicating significant resource expansion beyond the Cyclone Deposit
right-arrow Created with Sketch.
watchlist Created with Sketch. Add LBT (ASX) to my watchlist
(20min delay)
Last
1.4¢ 		Change
0.000(0.00%) 		Mkt cap ! $24.48M
Open High Low Value Volume
1.5¢ 1.5¢ 1.4¢ $256 18K

Buyers (Bids)

No. Vol. Price($)
5 652280 1.4¢
 

Sellers (Offers)

Price($) Vol. No.
1.5¢ 1289524 7
View Market Depth
Last trade - 15.59pm 27/09/2024 (20 minute delay) ?
LBT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.