Just a silly question.
what's the real point on spinning off Axion. LEL will only have 25%.
now that Solaroz is (?) cashed up. Why don't run Axion Limted owned 50% by LEL and NVX. As LEL will now have cash, NVX put 1/3 of cost, LEL 1/3, 1/3 from government funding and this project kicks off quick.
PFS has been purposely retained by LEL, this was ready for Q4 2023.
I do get we achieve economy of scale by JV with NVX.
both companies can CR if needed but reality cash is there to keep under LEL with 50% ownership.onstead of 25%.....
they are going to slaughter LEL otherwise...
Just a silly question. what's the real point on spinning off...
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Last
46.5¢ |
Change
0.055(13.4%) |
Mkt cap ! $49.84M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 48.0¢ | 43.0¢ | $137.9K | 296.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 12815 | 46.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| Last trade - 12.22pm 03/06/2024 (20 minute delay) ? |
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Last
46.0¢ |
Change
0.055 ( 15.0 %) |
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| Open | High | Low | Volume | ||
| 44.0¢ | 48.0¢ | 43.0¢ | 97815 | ||
| Last updated 12.29pm 03/06/2024 ? | |||||
| LEL (ASX) Chart |