LLL 0.00% 50.5¢ leo lithium limited

Surprises? What like? No funding from the banks?$750m agreed the...

  1. 7,840 Posts.
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    Surprises? What like?

    No funding from the banks?

    $750m agreed the market goes woo hoo!!!

    3 months later - Withdrawn SP shits its knickers. Those putting coin in at $1.80 shagged over.

    That kind of surprise.

    There is no guarantee on the $550m they have their cap in hand on a street corner looking for.

    Historically debt laden Li mines do not fair well.

    Black swan event, accident at the mine etc etc can kill a company with debt.

    Debt that will be costing $100 a Tonne if only the existing Ford $300m facility I should add. Double that with the $250m that is having the interest capitalised

    Capitalising interest.

    Jesus


    A40 and AJM comes to mind


    Last edited by GARETH78: 11/05/24
 
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