SXG marcap at $540m is 7.5 times LRVs at $72m (22cps) with LRV to move to production early 26 (maybe late 25) & SXG is some 3 years later.
LRV has 15m listed options convertible at 30 cents by 1/12/24 and 22m unlisted options on same terms.
SO POTENTIAL CASH INFLOW FROM 37M OPTIONS IS $11.1M BY 1/12/24 .... with strong news flow to follow on drilling, offtake (PRC ban on Antimony exports) BFS and funding (~ $70m).
Little wonder that Ron Heeks / LRV was confident that a capital raising was not expected and that LRV would be able to finance HILLGROVE without further dilution.
Strategic/LT holders (top 40 + management) hold ~ 70% & I don't see much change on that front with the prospect of strong dividend flow once project debt repaid (potentially in 12-15 months after production starts), then I can only imagine what LRV may be worth ($$$$$). DYOR & GLTAH.
SXG marcap at $540m is 7.5 times LRVs at $72m (22cps) with LRV...
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Last
47.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $159.5M | |||
| Open | High | Low | Value | Volume |
| 47.5¢ | 49.5¢ | 47.5¢ | $1.119M | 2.301M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 81338 | 47.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 48.0¢ | 9956 | 1 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| LRV (ASX) Chart |