Ann: Debt Facility Arrangements Not Proceeding, page-9

Debt facility was only needed if they would have excessively expanded. But as they are limited by the number of sparkies available they can't do more than 7-8 GWh per month anyway which are now fully funded by the income they generate. One more plus, any debt used would have get us back into negative cash flow for accounting rules - that way we stay definitely in the positives.

Fools who sold this morning thinking that was a bad news. For a comp with no income it would have been terrible, for LPE imo it is actually a fantastic news to get rid of any loan sharks. Grow responsible within it's means - that way LPE stays out of trouble. May take a bit longer to achieve some numbers but that way with no bank in the neck.

Looking forward to someone foolish selling at 2.5c to me during the arvo auction.