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38.5¢ lithium energy limited

Ann: Sale of Solaroz Lithium Project for A$97 Million, page-69

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GKeden

2,109 Posts.

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01/05/24

20:50

Post #: 73617374
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Originally posted by GKeden: ↑

Hello. I don't follow this company (but too bad i sold my shares for a big loss) but the original prospectus says they were to pay US$6,590,000 for the asset, which might be around $9.5M, although the last balance sheet shows AUD$6M in acquisition costs therefore possibly the vendor was paid also in shares. The last balance sheet shows $21M in exploration costs. I don't know but say reduce by $4M to $6M for graphite. Possible total costs around $22M. Possible profit is $75M. Possible tax around $19M. Therefore possible sale proceeds of around $78M or 70 cents per share. These are only guesses.

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Whoops. $75M divided by 112m shares = 67 cents. It would have been nice of LEL made clear their estimated tax obligation. It wouldn't be too difficult.

Last edited by GKeden: 01/05/24

LEL Price at posting: 50.0¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 38.5¢		Change 0.000(0.00%)		Mkt cap ! $43.12M

Open	High	Low	Value	Volume
38.5¢	38.5¢	38.5¢	$10.30K	26.76K

Buyers (Bids)

No.	Vol.	Price($)
2	46206	38.5¢

Sellers (Offers)

Price($)	Vol.	No.
39.0¢	11154	2

View Market Depth

No.	Vol.	Price($)
2	46206	0.385
1	18774	0.380
1	25000	0.370
1	13408	0.365
2	105547	0.360

Price($)	Vol.	No.
0.390	11154	2
0.400	17637	5
0.415	6480	2
0.430	7845	3
0.435	4000	1

Last trade - 11.35am 18/06/2024 (20 minute delay)


Last 38.5¢			Change 0.000 ( 1.32 %)
Open	High		Low	Volume
38.5¢	38.5¢		38.5¢	1172
Last updated 14.22pm 18/06/2024 ?

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