Mondy thanks for providing an analysis so that we can have a discussion. I appreciate the effort. Below I have given another view on the same numbers you had. Assuming that Capex will be US$401m for 20ktpa (this includes the 15% contigency). Hopefully we can save a bit. If Galan is happy to roll over the debt and are able to get new finance it shows that at 5400ktpa production level we are making A%22m profit (in line with you revised figures). They can have a dividend policy of 30% of FCF as dividends (same as PLS). Then the dividend yield would be 4.4%! This is at current low pricing and only 5400ktpa production and 15$ interest on loans.
At 20ktpa the dividend yield increases to 16% at current low lithium prices. 70% of FCF is still maintained in the company for paying of debt etc.
I also have a scenario if Lico2 pricing improves to US18000. The dividend yield at 30% of FCF is then 22.5% .
- Forums
- ASX - By Stock
- GLN
- General Discussion Banter GLN
General Discussion Banter GLN, page-14920
- There are more pages in this discussion • 505 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
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $87.68M |
Open | High | Low | Value | Volume |
18.5¢ | 19.0¢ | 18.3¢ | $121.8K | 658.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 270726 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 261545 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 270726 | 0.185 |
16 | 1245071 | 0.180 |
10 | 413637 | 0.175 |
7 | 317350 | 0.170 |
4 | 317916 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 262504 | 12 |
0.195 | 205500 | 4 |
0.200 | 71966 | 8 |
0.205 | 61847 | 3 |
0.210 | 104192 | 6 |
Last trade - 10.42am 17/06/2024 (20 minute delay) ? |
|
|||||
Last
18.5¢ |
  |
Change
-0.005 ( 2.63 %) |
|||
Open | High | Low | Volume | ||
18.5¢ | 18.8¢ | 18.5¢ | 440195 | ||
Last updated 11.18am 17/06/2024 ? |
Featured News
GLN (ASX) Chart |