I would argue it’s less than this. If LEL would say they are returning all the funds to shareholders then you are probably right - 63c however if they keep the money and blow it on a poor project then it’s worth less. If they do return some funds - it will be a mixture of capital return and untrained dividend. Untrained dividend will have significant tax implications. There are plenty of small caps that have a share price similar to their net cash or even lower. Unless there is a worthwhile project to spend money on them the money just gradually erodes away.
GLTAHs
I would argue it’s less than this. If LEL would say they are...
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Last
37.0¢ |
Change
-0.005(1.33%) |
Mkt cap ! $41.44M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 37.0¢ | $11.81K | 31.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42185 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 10374 | 2 |
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| Last trade - 14.17pm 05/07/2024 (20 minute delay) ? |
| LEL (ASX) Chart |