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?
Add LKE (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
6.3¢ |
Change
-0.003(3.85%) |
Mkt cap ! $104.5M | |||
| Open | High | Low | Value | Volume |
| 6.5¢ | 6.5¢ | 6.2¢ | $253.4K | 3.995M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 2488502 | 6.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.3¢ | 106843 | 12 |
View Market Depth
| Last trade - 12.42pm 24/05/2024 (20 minute delay) ? |
|
|||||
|
Last
6.3¢ |
Change
-0.003 ( 3.82 %) |
||||
| Open | High | Low | Volume | ||
| 6.5¢ | 6.5¢ | 6.2¢ | 1484975 | ||
| Last updated 12.54pm 24/05/2024 ? | |||||
| LKE (ASX) Chart |