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
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I would argue it’s less than this. If LEL would say they are...
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Last
42.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $47.04M |
Open | High | Low | Value | Volume |
42.0¢ | 42.0¢ | 42.0¢ | $6.657K | 15.84K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 1190 | 42.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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43.0¢ | 15000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1190 | 0.420 |
2 | 85000 | 0.415 |
3 | 46184 | 0.410 |
2 | 40000 | 0.405 |
4 | 45000 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.450 | 6224 | 3 |
0.465 | 22000 | 1 |
0.470 | 1991 | 2 |
0.480 | 200000 | 1 |
0.490 | 5441 | 1 |
Last trade - 14.13pm 22/05/2024 (20 minute delay) ? |
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Last
41.5¢ |
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Change
0.000 ( 0.70 %) |
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Open | High | Low | Volume | ||
41.5¢ | 42.0¢ | 41.5¢ | 17441 | ||
Last updated 14.19pm 22/05/2024 ? |
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