Interesting reading through details of financials costs for LH expected to fall to 25 and KM 30 over 2014-15 .
Even if the offloaded 30% of LH for 300 m that you leave them with 155 m in cash and three years to improve cash flow to deal with the last bit of debt which of course due to very long prod profile of the mine could be renegotiated easily.
The key is executing the sale - I think 50 up or down or them selling 20 25 % won't make a difference. As long at the sale price is circa 200-250 m plus I think the market will rerate Quickly , as happened with fXJ when they sold trade me to clear 900m of debt
Interesting reading through details of financials costs for LH...
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Last
$12.48 |
Change
0.060(0.48%) |
Mkt cap ! $3.724B | |||
| Open | High | Low | Value | Volume |
| $12.45 | $12.76 | $12.26 | $26.57M | 2.124M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 6286 | $12.47 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $12.48 | 5038 | 1 |
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| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| PDN (ASX) Chart |