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37.0¢ lithium energy limited

Ann: Sale of Solaroz Lithium Project for A$97 Million, page-275

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MuppetPastor

1,671 Posts.

92

30/07/24

07:32

Post #: 74972525
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Originally posted by Henry Walton: ↑

Anyone done the math on potential distribution here? I have run my own numbers, but interested to hear other opinions.

Assuming the big check arrives the $53mill USD hits, $81mill AUD currently,

$53mill USD estimate about $14mill USD tax on that, $39mill USD cash in hand to the company, which is $60mill AUD cash balance.

Company likely keep $10million AUD cash distributing potentially $50million AUD / 112001569 on issue about 44cents + company with $10mill cash and + $7.5mill USD in potential payments in 12-24months + whatever isnt spent of the deposit/existing cash.

Fair?

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USD$63m...... not 53m, that would add A$15m to your calc.

Originally posted by GKeden: ↑

Hello. No. I'm holding until the deal is done. Hoping LEL has 70 cents per share in cash. I'm only guessing SRK will want a dividend paid to them.

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buy zone is mid 30s so perhaps some know already? GK, what is your call? Keep the IPOers happy is my call

LEL Price at posting: 36.0¢ Sentiment: Hold Disclosure: Held
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