LAT has recieved $7.5mil from the sale of the South American gold asset.
$2 million cash from Ian Middlemas and Mark Pearce
$1 to $2 million worth of share in Coronet (TSX: CRF)
and addition $6 to $7million from Coronet as soon as they meet the JORC target.
The abilty to earn extra from royalties.
LAT will most likely end up with about $20Mil in cash.
The other Middlemas cash boxes Market Cap's trade at 3 to 5 times the cash position
PSF - $20 to $30Mil with less than $7Mil cash(12month MC high of $65Mil)
WCP - $30 to $40Mil with less than $10Mil cash(12month MC high of $60Mil)
Then you look at the sucess of his last 4 ventures CPL, MRU, EQX, IDO etc etc. Middlemas/Pearce are putting in their own money and are going to control more of LAT than most of the other shells he controls (30% without exercising options).
The guy is probably the best deal maker going around so I can't understand why this stock is so cheap? This could be our only chance to get in at the absolute basement of a Middlemas success before it goes for the usual run.
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $14.26M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.0¢ | $3.957K | 37.76K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 60435 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 37260 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 60435 | 0.100 |
1 | 6500 | 0.090 |
1 | 12207 | 0.081 |
1 | 37045 | 0.080 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 37260 | 1 |
0.120 | 17582 | 1 |
0.125 | 3150 | 1 |
0.130 | 60058 | 5 |
0.135 | 50000 | 1 |
Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
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LAT (ASX) Chart |