Ann: Change of Director's Interest Notice x 4, page-4

Hi Buzzm …. I think Euroz Hartleys *is* an interesting company too (and also think the price here is very manipulated ).
Maybe recent lows were to discourage Rob Black from selling his shares now he does not have to report as a director any more?
Or to catch any shares he loosened at the lowest price?
or???
— I know not

But I hope it is worth more than these prices and that the earnings for last financial year give a positive surprise
(although rent on those two floors of Perth premium office space will be deducted before profit is tallied I guess :/)

But it’s doing OK I think, and remains a WA ‘institution’ with a reputation for big dividends and - in regards the new financial yeae

Spoiler : I was pleased to see it has started strong …

… As per this AFR story from last Monday pointing out that the EurozH team is not just sitting around on their comfy chairs up there in their new skyscraper office ..

https://www.afr. com/street-talk/rare-earths-tearaway-lindian-resources-preps-raising-20230710-p5dn0s
Street Talk

Rare earths tearaway Lindian Resources raising $30m, Euroz on ticket​

Sarah Thompson, Kanika Sood and Emma Rapaport​

Jul 10, 2023 – 10.03am​

​

Lindian Resources, the rare earths and bauxite explorer whose shares are up 80 per cent this year, had Euroz Hartleys rounding up investors for a $30 million raising on Monday.​

The offer was priced at 33¢ a share, which was a 20.5 per cent discount to the last close and 12.4 per cent lower than the 20-day volume weighted average price. Term sheets sent to potential investors said Lindian would use the proceeds to the come good on the third tranche of the $US10 million ($15 million) payment for its acquisition of the Kangankunde rare earths project in Malawi.​

The company is due to begin civil works on a processing plant for Kangankunde in November, where it’s aiming for a 440,000 tonnes per annum initial throughput.​

Euroz Hartleys was the sole lead manager and book runner on the raising.​

Lindian last tapped the equity capital markets for $9 million at 26¢ a share in late March, after it struck further neodymium-praseodymium at Kangankunde. The non-brokered raise was done at a 10.5 per cent premium to the last close and taken up by two investors.​

The company had a $426 million market capitalisation before the raise. Shares have risen 277 per cent over the past 12 months and 80 per cent year-to-date as it continued drilling in Malawi.​

Sole book maker and $30m raised?
No! In fact Lindian announced yesterday :
….. “Lindian Resources Limited (ASX:LIN) (‘Lindian’ or the ‘Company’ is pleased to confirm that it has received binding commitments from institutional investors and new and existing sophisticated investors to subscribe for approximately 106.06 million fully paid ordinary shares (‘Shares’ at $0.33 per Share to raise $35 million (before costs) (‘Placement’.
The participants in what was a very heavily bid Placement recognise the potential of the Company’s globally significant Kangankunde Rare Earths Project in Malawi where extensive mine development drilling has demonstrated that Kangankunde has substantial Rare Earths grade and significant geometric size, substantial depth potential….….…
…Euroz Hartleys acted as Lead Manager and Book Runner to the Placement which included a Chairman’s List totalling $15 million.” ..

I wonder what the Euroz Hartleys’ costs were?
And if Euroz Hartleys was on the *Chairman’s List* (??)

From a quick look at the website it looks as though it averages involvment almost one corporate capital raise a week?
(at least 20 in first half but please do your own counting!)
https://www.eurozhartleys.com/corporate-finance/capital-raisings/


cheers