LAT latitude 66 limited

LAT has announced that the former DCX free carried interest...

  1. 851 Posts.
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    LAT has announced that the former DCX free carried interest 17.5% would correspond to
    7.8% of Carnaby, see webinar 9.7.2024, capture bellow.
    https://hotcopper.com.au/threads/ann-webinar-presentation.8089920/

    Value is about 6 million AUD. Calculation by LittleArt from another thread:
    The CNB market cap is today around $96m (172m shares x 56c). Taking away cash ($12m est), this leaves an enterprise value of $84m. The ex DCX free carried interest is therefore broadly worth 84m x 7.8% = $6.5m. But let’s be conservative and say $6m as CNB is valued at more than its copper interests and cash, although these dominate.

    6 million or corresponding part of CNB is the level the share price may fall, if/when former LAT owners have done their exit and stop supporting price. Though Kuusamo projects with high burn rate may be considered to have negative value.
    On the other hand, there may be a need to pump up the price to get more financing after 1-2 years.

    LAT really does not have a case for a mine in Kuusamo, in the regions they are now heavily drilling and investing.

    It is the same regions which former asx-listed Dragon mining sold them for some 300 000 euros including some land,
    Dragon failed to get acceptance of City of Kuusamo. It also failed environmental impact assessment
    with the difficult uranium-thorium containing ore and effects in the core travel regions.
    The situation has only got worse with the social license and Kuusamo has repeated the policy
    of the core travel region. There has not been signs of any true effort for EIA and addressing the environmental issues
    of the mining by old Latitude. These are also not worth trying, because lack of social license anyway.

    Latitude´s other prospects in Finland are also very expensive high risk projects just with 2 million for annual maintaining fees
    after accepted and even with current share price further financing Finnish projects would mean massive dilution and decline of the share price.

    https://hotcopper.com.au/threads/lat-is-doomed-by-kuusamo-fool%C2%B4s-gold.8093735/
    https://hotcopper.com.au/threads/kuusamo-gold-to-rest-in-peace-says-city-of-kuusamo.8023679/
    https://hotcopper.com.au/threads/duck-kuusamo-and-pro-kuusamo-against-juomasuo-and-other-mine-plans.8006970/
    https://hotcopper.com.au/threads/a-mine-into-the-great-barrier-reef-or-latitudes-kuusamo-mine.7941968/


    https://hotcopper.com.au/data/attachments/6307/6307743-8ba812d1e2486bcb11154ec1bfe09a25.jpg
 
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Last
3.9¢
Change
0.001(2.63%)
Mkt cap ! $5.592M
Open High Low Value Volume
3.7¢ 3.9¢ 3.7¢ $41 1.095K

Buyers (Bids)

No. Vol. Price($)
4 1214 3.9¢
 

Sellers (Offers)

Price($) Vol. No.
4.5¢ 18026 2
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Last trade - 10.41am 30/07/2025 (20 minute delay) ?
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