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37 Posts.
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20/01/24
07:13
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What number of shares on issue are you using to get the ~80c price estimate?
I'm using 1,198,176,519 from the ASX website. Let me know if and where this is wrong.
5% stake of project = $100,000,000
Therefore 100% = 20x $100,000,000 = $2,000,000,000
LLL now owns 40% = 0.4x $2,000,000,000 = $800,000,000
LLL's ownership / Shares on Issue = share price
$800,000,000 / 1,198,176,519 = ~66.7c
Thanks
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