Enjoyed reading this article headlined by 'We've proved it': Battery triumph to lead to float of Li-S Energy".
It contains the latest information as to where the IPO for Li-S Energy sits. In summary:
IPO to occur "within two months".
Based on the quote "we are big step(s) ahead of when we raised the $20 million and the $300 million valuation because we have effectively proved the science works and we can build batteries that are three times better than anything else out there", the capital raising from the IPO will not be anywhere near 50 cents. An estimate of $1.50+ is not unrealistic.
"A test plant will be built at Deakin using Federal Government funding and money from the IPO".
"we are going to IPO Li-S because it will need capital to get out there and show its wares and we need to complete the construction of the test battery plant". New equity of 150m shares at $1.50 raising $225m may be in the ball park.
Some other really interesting quotes. You can feel the excitement building with every word. Billion-dollar float on its way.
PPK Price at posting:
$11.98 Sentiment: Buy Disclosure: Held
