The deal is to set up a JV company with LBT supplying the IP and Hettich the cash. It looks like LBT will get $2m upfront and Hettich will put a further $4m into the JV Company subject to milestones. The JV Company looks like its shareholding will be 50/50 between LBT & Hettich.
If I have got it right it is a very good deal for LBT. Afterall its m/cap is only around $6m.
Unfortunately LBT shares are not traded very often. Of the trading days available LBT featured in just 40% of them. So most days it is not traded. Haven't looked yet to see who the bigger shareholders are. If someone wants to beat me to the gun on this I'd not be upset.
Prior to the above deal, LBT was burning cash at just over $400k per quarter on average. With $1.59m it could last just under a year before seeking more dosh. So the Hettich $2m is very timely.
Need to know a bit more before buying into LBT but it looks promising.
hettich deal
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Last
1.4¢ |
Change
-0.001(6.67%) |
Mkt cap ! $26.36M | |||
| Open | High | Low | Value | Volume |
| 1.4¢ | 1.5¢ | 1.4¢ | $12.37K | 881.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1015009 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.5¢ | 49999 | 1 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| LBT (ASX) Chart |