LEL 8.51% 43.0¢ lithium energy limited

Ann: Merger & IPO Spin-Out of LEL and NVX Natural Graphite Assets, page-132

  1. 2,685 Posts.
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    Just a silly question.

    what's the real point on spinning off Axion. LEL will only have 25%.

    now that Solaroz is (?) cashed up. Why don't run Axion Limted owned 50% by LEL and NVX. As LEL will now have cash, NVX put 1/3 of cost, LEL 1/3, 1/3 from government funding and this project kicks off quick.

    PFS has been purposely retained by LEL, this was ready for Q4 2023.

    I do get we achieve economy of scale by JV with NVX.

    both companies can CR if needed but reality cash is there to keep under LEL with 50% ownership.onstead of 25%.....

    they are going to slaughter LEL otherwise...



 
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