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46.5¢ lithium energy limited

Ann: Half Year Report - 31 December 2023, page-17

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OnTheCards

307 Posts.

43

05/03/24

13:24

Post #: 72751368
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Originally posted by nissassa: ↑

I'd be AMAZED if this company can obtain anywhere near the USD540 million for the Capex required. And when I say anywhere near, I really mean even USD50 million would be unlikely. Look at SRK sale of East Paulsen iron ore assets (including export hub) and what we were told it was worth.

Would anyone buy less than a majority share in a JV. Control would be an ABSOLUTE must for a buyer. Look at SRK management of it's iron ore assets.

Would anyone offer to buy LEL outright - this is the only VIABLE option really for any bidder. Look at SRK sale of iron ore assets, especially the apparent previous offer for the Apurimac iron ore asset some years back. But, SRK management have hopes to manage any ongoing LEL operation - really!!!

But, what's the likelihood of a bid being acceptable to retail shareholders v/v management and Board? Provide your own answer to this question.

Are we going anywhere fast??? Provide your own answer to this question.

Why are the three directors ALL Executive directors??? Provide your own answer to this question.

Good luck.
(SRK holder)

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Good cut and paste from your original post with the amended Coal to Iron ore....

LEL Price at posting: 52.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 46.5¢		Change 0.005(1.09%)		Mkt cap ! $52.64M

Open	High	Low	Value	Volume
46.0¢	47.5¢	46.0¢	$47.70K	101.5K

Buyers (Bids)

No.	Vol.	Price($)
1	31864	46.0¢

Sellers (Offers)

Price($)	Vol.	No.
46.5¢	4009	1

View Market Depth

No.	Vol.	Price($)
1	31864	0.460
1	41575	0.455
2	4298	0.435
3	15330	0.430
2	7058	0.425

Price($)	Vol.	No.
0.465	4009	1
0.470	15332	3
0.475	9300	1
0.480	85490	3
0.485	50000	1

Last trade - 14.41pm 04/06/2024 (20 minute delay)


Last 46.0¢			Change 0.005 ( 1.10 %)
Open	High		Low	Volume
47.5¢	47.5¢		46.0¢	60789
Last updated 15.13pm 04/06/2024 ?

LEL (ASX) Chart