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  5. LMN: You seem somewhat concerned by the low level of cash for Luimine in the recent report and how under capitalized the business is. [Lumine Group Inc.]

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Q: You seem somewhat concerned by the low level of cash for Luimine in the recent report and how under capitalized the business is. This along with the high EV/EBITA ratio. So we be concerned?

Thx
Asked by blake on July 23, 2024
5i Research Answer:
 In the recent LMN report, we mentioned “LMN only has a net cash of around $7.2M;...
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