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%.
Mondy thanks for providing an analysis so that we can have a...
Add GLN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
-0.005(2.17%) |
Mkt cap ! $93.62M | |||
| Open | High | Low | Value | Volume |
| 22.5¢ | 23.0¢ | 22.0¢ | $911.2K | 4.086M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1043039 | 22.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 23.0¢ | 377780 | 12 |
View Market Depth
| Last trade - 16.10pm 27/05/2024 (20 minute delay) ? |
|
|||||
|
Last
22.5¢ |
Change
-0.005 ( 0.18 %) |
||||
| Open | High | Low | Volume | ||
| 22.5¢ | 22.5¢ | 22.0¢ | 1155805 | ||
| Last updated 15.40pm 27/05/2024 ? | |||||
| GLN (ASX) Chart |