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37.0¢ lithium energy limited

Whoops. $75M divided by 112m shares = 67 cents. It would have...

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GKeden

4,014 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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0 Great analysis

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