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8.2¢ alita resources limited

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31/01/23

09:22

Post #: 65965461
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Originally posted by acwbagnall: ↑

Hi Names

This mine was operating at a rate of 160,000 tpa just before the chinese reneged on their offtake agreements and sent it bankrupt.
160,000t at today's typical contract pricing of around $5,500/tonne would mean revenue in the region of up to $880m. Of that EBITDA would be around $700m+
Applying a 6x multiple would put this somewhere in the region of a $4bn+ market cap company.
Minus the $150m or so in debt and racked up costs from parasites, I mean administrators - but the couple of spod shipments that lithco has already sent should cover these - and they should be forced to repay all of the proceeds from this stolen spod also imo.

From memory GXY now AKE owned around 10%+ of the company? Why are they not gunning full tilt at acquiring this again - I'm sure A40 holders would not turn their nose up at either a cash, script or cash and script offer from AKE now? Even though many did at the time previously.

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I believe GXY has sold their shares to Austroid…

A40 Price at posting: 8.2¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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