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Dilution, dilution, dilution, yawn, yawn yawn.You must have been...

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Isildurrr

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21/11/21

18:16

Post #: 57735744
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Originally posted by J L: ↑

The reason the SP is where it is, because, based on the information to hand, the market has determined so.

Look at LCK's current position. Based on the information we have been provided, IMO, this is the situation:

1 Additional funding will be required before the end of year.
2 Funding will come via a share placement or or some sort of income. My bet is share placement.
3 If by share placement, it will be either by standard shareholder CR, or by Investor Second Tranche.
4 Second Tranche. If the Investor plays hard ball, in accordance with the rules of the Agreement, funding might not be available until 13 Jan 2022. If earlier SP will be as low as the skill of the Investor can achieve.
5 If it is by shareholder CR, at this late stage, and given the current SP, it will have to be very attractive (low SP).
6 If you are hoping for any other type funding, other than a govt grant, you are dreaming.
7 If you think you will see a completed BFS by mid December, and consequently a raising of the SP, you have statistical evidence against you, therefore, highly unlikely.
8 If you think prepayment of Off-Takes, up to five years before production, you are dreaming.
9 If you think you will receive massive share placements (up to $400 million) before end of year, you are dreaming.
10 If you think anything financially substantial will happen before Stage 1 is successfully completed, you are dreaming.
11 If you think that there will be any large investment before the FID, and the Korean Banks are on board (by their own words), you are dreaming.

Dilution, dilution, dilution. At the moment, IMO, the SP Achilles' heel.

Be prepared, in the next few weeks, for an interesting lesson in financial management.

If you are a long term holder, and not interested in trading, and not concerned with opportunity costs, you might feel better if you consider putting you shares in the bottom drawer, and coming back in five years time.

All my own opinion, of course. J L.

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Dilution, dilution, dilution, yawn, yawn yawn.
You must have been burned in the past, very twisted. If the tranches are not taken up in December as you have suggested you should depart from this forum. No credibility, put something on the line if you are too scared to buy shares.

LCK Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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Dilution, dilution, dilution, yawn, yawn yawn.You must have been...

Week 31 Wrap: JORC rules to get tougher; RBA rate hike chance 50/50; US Fed Sept cut still the quo

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Venture to sniff out high-grade REE targets at Jupiter project, WA

Vmoto sales plummet -50% YoY as weak demand in Europe & China stifles EV scooter sales growth

Commodity house Trafigura funds Develop Global's copper-zinc Woodlawn play with offtake deal in place

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Dilution, dilution, dilution, yawn, yawn yawn.You must have been...

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