LEL 1.54% 33.0¢ lithium energy limited

Hello. In 2023, the three directors & company secretary were...

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    Hello. In 2023, the three directors & company secretary were paid a total of $500,000. LEL just sold an asset for $97M and will possibly have a $19M tax bill which means a possible $78M in net cash from the sale. Plus LEL has $3.3M in net cash (after liabilities) at 31/3/24 when adding the $1.2M in options exercised in April. So if the deal goes through in the 4th quarter, LEL might have $80M in cash in the bank and the current market cap at 41 cents is $47M.
    Last edited by GKeden: 29/05/24
 
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