General Discussion, page-10536

First 10536 Last

Share
Profile

Follow
benladeng414

125 Posts.

49

04/06/24

12:51

Post #: 74155085
Share

Originally posted by manny100: ↑

Good post thanks,
The only money not mentioned in the FAQ is our share of the joint venture cash of $US21.8mill - Iassume we get it back??. This was mentioned in the sale MOU ann 8th May as an asset. The trailing product sales fee (the 1.5%) is mentioned but no value attached in the FAQ.
Without the JV cash our return is around 43 cents for the deal, 6 cents a share for our cash on hand and say around 8 cents a shares for the 1.5% trailing fee. That adds to around 57 cents a share so a return of the JV cash would be a bonus.
From the FAQ:
" 10. What’s the value of my shares?
The Company had closing cash of A$69.3 million as at 31 March 2024, which is equivalent to approximately A$0.06/share. The transaction with Ganfeng for the 40% sale of Goulaminais equivalent to A$0.43/share in cash proceeds of which the first US$10.5 million has been received. Additionally, the Company has received US$5 million for the remainder of the 5% sale of Goulamina and will also receive value from the 1.5% trailing product sales fee and A$11.5 million pending from Firefinch. This is all on a pre-tax basis. The Company is seeking taxation advice and more information will be provided in the Notice of Meeting which will be dispatched in late June.
The ASX announcement of 8 May1 provides all this information and an estimate of the current value of the trailing product sales fee. There is also the value of Ganfeng’s sole funding through to completion, and whilst this is not additional funds into Leo Lithium, it does mean the Company does not need to contribute Company funds into the joint venture whilst the transaction moves towards completion"
My bold above.

Expand

We do not get any cash distribution from JV.
This info was confirmed by the company.

LLL Price at posting: 50.5¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

SVL

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

IMD

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

ARD

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

EQR

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

VTM

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Bitcoin: Current State of Play & Where to Next | Swyftx

WNX

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

M2R

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Emerald & Azure score Digger & Dealer awards

There are more pages in this discussion • 212 more messages in this thread...

First 10536 Last

Add LLL (ASX) to my watchlist

(20min delay)
Last 50.5¢		Change 0.000(0.00%)		Mkt cap ! $605.0M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

General Discussion, page-10536

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Bitcoin: Current State of Play & Where to Next | Swyftx

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Emerald & Azure score Digger & Dealer awards

Featured News

Featured News

General Discussion, page-10536

Top Stories

Court of Appeal upholds environmental group's challenge to Silver Mines Ltd's Bowden project

Week 33 Wrap: US recession fears forgotten; RBNZ’s surprise rate cut; more iron ore trouble

IMDEX to receive $10M in out-of-court settlement with Boart Longyear over downhole tool patent

Argent begins search for VMS mineralisation at Kempfield Cu-Pb-Zn-Au-Ag play in NSW

EQ Resources transitions historic Mt Carbine tungsten mine to owner-operator system

Victory Metals dips -8% even as company set to grow heavy REE resource at North Stanmore

Bitcoin: Current State of Play & Where to Next | Swyftx

Wellnex sees first special access scheme prescriptions for new Wellness Life brand

EIS co-funded campaign sees Miramar kick off maiden drilling at Bangemall, Gascoyne WA

Emerald & Azure score Digger & Dealer awards

Featured News

Featured News