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Thoughts on BCB and LPD

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    Thoughts on BCB and LPD

    Although you have sold out of BCB and the stock is no longer currently on your radar. Has the capital raise had any positive effect or will they need to do another capital raise or consolidation before they see positive territory. What are your views. LPD projects are still some way from delivering earnings and do you think they would need a decent capital injection, last time you spoke about LPD they only had ~$15m in cash on the balance sheet. Thank you. Kind Regards Tony

    Answer

    Hi Tony,

    Bowen Coking Coal (BCB) 0.6c – I’m sorry but BCB remains a tough story, it raised via a placement and 2.55-for-1 pro-rata renounceable entitlement offer, priced at A$0.09 per share, with one free attaching unlisted option for every two new shares subscribed. They still have a way’s to go to try and stabilise the business and further capital is not out of the question.

    Lepidico Ltd (LPD) 0.2c- Lithium company LPD is currently suspended and voluntary administrators have been appointed. No good we’re afraid.

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    Lepidico Ltd (LPD)
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