From a peak cash holding of nearly $180m in 2022 to now around $30m - how did Lake manage to spend circa $150m?! Is there anything to show for this?
The capital position improved vastly in 2021-22 when punters were participating in multiple capital raising and converting options - but an even more spectacular cash burn rate IMO.
What business value was gained from this expenditure? Was this responsible and prudent financial management?
I wonder how much Lilac spent on Kachi... my best guess would be a 'little bit less' than Lake
Where did all the $$ go?
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Last
6.5¢ |
Change
0.003(4.84%) |
Mkt cap ! $106.1M | |||
| Open | High | Low | Value | Volume |
| 6.2¢ | 6.8¢ | 6.2¢ | $1.083M | 16.64M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 236923 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.6¢ | 824617 | 9 |
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| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
6.5¢ |
Change
0.003 ( 5.86 %) |
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| Open | High | Low | Volume | ||
| 6.3¢ | 6.8¢ | 6.3¢ | 8734002 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| LKE (ASX) Chart |