Hello. LEL do not need to wind up the company to distribute to shareholders. They can simply pay a dividend.
The directors obviously want to work & earn a salary; as well as acquire performance shares, etc.
The insider shareholders are:
1. Strike 30%
2. Directors 1,422,621 + 110,000 + 1,422,621 + 25,000 + 1,173,706 = 3.6%
I am not sure how shareholders will raise a resolution to have LEL wound up and then gain a majority vote.
Ann: BEL: Disposal of Rare Earth Tenements vis Sale of Subsidiary, page-91
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Last
32.3¢ |
Change
0.013(4.03%) |
Mkt cap ! $36.12M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.3¢ | $8.605K | 26.10K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 27936 | 31.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 38543 | 2 |
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| Last trade - 14.15pm 03/10/2024 (20 minute delay) ? |
| LEL (ASX) Chart |