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50.5¢ leo lithium limited

Thanks Fooca, unless they can find a project that instantly adds...

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19/05/24

11:37

Post #: 73899105
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Originally posted by fooca: ↑

Leo Lithium wind up;
My calculations below are for the scenario of the company intending to wind up and return all capital (cash) back to shareholders and based on the Company just doing the minimum required, using funds as necessary for a company leading into liquidation.
The working capital of circa $26m (see below) for the above scenario would be excessive, but it left me with an easy number for calculations.

FFX wind up,
~ doesn't include any surprises, and has a minimal working capital that may need to increase.
~ but if the Board follow through with their undertakings of returning capital (cash) and the LLL shares, it will be pretty close.

cheers

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Thanks Fooca, unless they can find a project that instantly adds value I'm all for both companies winding up and returning all capital.

LLL Price at posting: 50.5¢ Sentiment: Hold Disclosure: Held
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