LIN lindian resources limited

Agree with the sentiment, but I don't believe these funds fully...

  1. 1,471 Posts.
    lightbulb Created with Sketch. 221
    Agree with the sentiment, but I don't believe these funds fully finance stage 2. They are sufficient to enable the feasibility study in line with investment decision in December, along with buying some of the long lead time equipment. From the release document: "As a result of the Placement, Lindian expects to immediately progress to a DFS for the Stage 2 expansion, with a targeted Final Investment Decision (“FID”) in December 2026."

    I think further funds would be needed to get to 100ktpa, hopefully they can be self-generated though from Stage 1 production profits, but that is what the DFS will tell us in December.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.