I guess whether GLENCORE deal will proceed will depend on the commercial factors, that is whether both party can benefit financiallly.
The current spot price for LCE is 90,000 RMB = 12,000 USD, and this price has been stabled in the last 2 months. So after applying 70% LiCL factor, LICL sold price should be 12,000 * 70% = 8,400 USD. After 4,000 OPEX, GLN has a profit before interest and tax 4,400 *5kt = 22m USD.
If CAPX loan is 120m USD@10% interest rate, GLN can still have a little profilt of 10m USD.
For GLENCORE, assuming covert and transport cost is 1,000 - 2,000, then its all-in-cost is very close to the 11,000, leaving profit 1,000 per ton, so 5m USD in total. Basically it means there is very tiny profit for GLENCORE.
Therefore I am guessing GLENCORE may not have incentive to proceed the deal.
- Forums
- ASX - By Stock
- General Discussion Banter GLN
I guess whether GLENCORE deal will proceed will depend on the...
-
- There are more pages in this discussion • 1,646 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GLN (ASX) to my watchlist
(20min delay)
|
|||||
Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $60.50M |
Open | High | Low | Value | Volume |
11.0¢ | 11.0¢ | 10.5¢ | $36.02K | 335.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 629621 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 423833 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
10 | 529621 | 0.105 |
46 | 3321849 | 0.100 |
3 | 101303 | 0.099 |
2 | 330000 | 0.098 |
2 | 410214 | 0.097 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 423833 | 16 |
0.115 | 530780 | 10 |
0.120 | 580993 | 6 |
0.125 | 436166 | 9 |
0.130 | 167619 | 3 |
Last trade - 16.10pm 20/09/2024 (20 minute delay) ? |
Featured News
GLN (ASX) Chart |