The Singapore Investor presentation (05 APR 2023), seems to have...

The Singapore Investor presentation (05 APR 2023), seems to have a glaring omission - No FID (Final Investment Decision) timeline.

Perhaps its due to a seemingly large funding gap, at a Kachi CAPEX of circa US$2 billon (AU$3.04 billon), for 50 ktpa LCE ??

Current AUD/USD cross = 0.6583 AUD per USD.

Proposed only (subject to conditions, and non-binding):

- SK 171,426,159 shares @ AU$1.008/sh = AU$172,797,568
- WMC 154,347,945 @ AU$1.20/sh = AU$185,217,534
- Lilac US$50 million = AU$76,000,000
- Cash at bank = AU$113,310,000 (*as at 31 MAR 2023)
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Total AU$547,325,102
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At a 70:30 debt/equity split:
UKEF 70% / LKE 30%
Lake need to find AU$910,000,000

AU$900,000,000
- AU$547,325,102
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Funding gap = AU$362,674,898
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No wonder the CFO (whom is the FID subject matter expert), existed the stage in a hastily manner...declining to take any questions from his audience.

IMO DYOR

*Note Cash at Bank is as at 31 MARCH 2023 (one month ago).