$2 a safe entry point?
Meanwhile LTR is a long way from that $8.5b…
ASX site says Friday market cap was $1.43b and, at the last annual report there were almost $461m* in liabilities which puts it - on paper - debt free at worth somewhere under a billion dollars ?
*“
Liontown’s annual report …. shows the company had $331.5m of cash by the end of August, and $317.9m of borrowings and $143m of lease liabilities by June 30.[ref]Cash at September 30 was $263m, so I guess - to get a clearer estimate of that part of the value - one would add the new $50m interest-free WA state loan, and then deduct expenses in October, November and December to date ($300m?)
And then add income from last shipment.
So take away all that, and the market on Friday was valuing the in-ground lithium and works to date at around just $700m?
… Mind you that seems a bit cruel, and I don’t do maths, so my numbers are most likely wrong..
And the price will surely bounce from here as per the fervid song of all the Liontown uprampers.
- Maybe someone from the ‘under-10c-entry’ rah rah team could give some better numbers?
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