GLN 3.03% 17.0¢ galan lithium limited

mondyinvestSaw this post from you on Twitter. A few questions:1)...

  1. 368 Posts.
    lightbulb Created with Sketch. 71
    mondyinvest
    Saw this post from you on Twitter. A few questions:
    https://hotcopper.com.au/data/attachments/6059/6059121-7abcf2d3bda681fc5dd107cf1fb309d6.jpg

    1) Not an accountatnt, but should the tax not allow for the finance cost before calculating? Therefore tax is then US$8,419,286 and not US$13,142,536, increasing the FCF by nearly US4m? So FCF is the US13.5m p.a. Also would one not be able to deduct the depreciation or part of the capex also in calculating tax? This would then increase FCF even more? Would think making a nice profit at current low pricing of lithium is quite rare after paying for a loan at 15% interest. So using future debt to build the 20ktpa expansion should then also be viable no?

    2) Would be interested to see what the EV multiple is for other Lithium companies like PLS, IGO, LTR etc at current spot prices. I would think PLS EBIDTA would be around A$600m at current prices. EV aroung A$9bn? So around 15 EV/Ebidta multiple?




 
watchlist Created with Sketch. Add GLN (ASX) to my watchlist
(20min delay)
Last
17.0¢
Change
0.005(3.03%)
Mkt cap ! $80.57M
Open High Low Value Volume
16.5¢ 17.0¢ 16.5¢ $479.0K 2.861M

Buyers (Bids)

No. Vol. Price($)
7 848959 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 312986 3
View Market Depth
Last trade - 16.10pm 25/06/2024 (20 minute delay) ?
GLN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.