GLN 8.70% 12.5¢ galan lithium limited

Ann: Trading Halt, page-94

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  1. 34,339 Posts.
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    LKE CR price is at 12% premium of their 10 day VWAP, but 21% discount to the last close price, also attached with options (more dilution).

    GLN CR price is at 4% premium of the 10 day VWAP, but 3% discount to the last close price, no attached option.

    LKE CR price 16.5c, it closed at 25.5c (+54.5% of the CR price) upon the CR announcement.

    Resources:
    LKE (market cap: $223m): 4.4Mt LCE @ 211 mg/l Li, NPV: USD$1B, Capex: USD$544m

    GLN (market cap: $112m): 3Mt LCE @ 858 mg/l Li, NPV: USD$1B, CAPEX: USD$439m (USD$338m + USD$101m contigent)
    Last edited by 8horse: 26/01/21
 
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