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23.5¢ jindalee lithium limited

JRL most undervalued Li stock on ASX?, page-39

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clearasmud

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01/02/23

20:40

Post #: 66016079
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Originally posted by Dr_Manhattan: ↑

Not quite
Here are the details (source)
Everything rests on all the regulatory hurdles being overcome. LAC success here (which is expected) will be good news for JRL.

TRANSACTION TERMS
Tranche 1 of the transaction will be structured through the initial issuance of 15,002,243 subscription receipts to GM, whereby each subscription receipt will, upon satisfaction of escrow release conditions, convert into one common share and 79.26% of a Tranche 2 Alternative Exercise Warrant (“Tranche 2 AEW , with a Tranche 2 AEW exercisable into a common share at a price of $27.74 for a term of 36 months. The conversion of the subscription receipts will result in the issuance of all shares issuable for the Tranche 1 Investment and, through the shares issuable upon exercise of the Tranche 2 AEW, the allocation of all shares issuable under the Tranche 2 subscription. The escrow release conditions for the subscription receipts include delivery of a ruling under the Thacker Pass Record of Decision (“ROD appeal that does not result in vacatur of the ROD, and conditions related to water rights transfer for Thacker Pass among other customary closing conditions. Upon satisfaction of the escrow release conditions and the issuance of the Tranche 1 shares, the parties will execute and deliver the Offtake Agreement and the Investor Rights Agreement.

The parties will implement Tranche 2 either through the exercise of the Tranche 2 AEW or a purchase of shares under a second tranche subscription agreement (which would result in the automatic termination of the Tranche 2 AEW) that provides for the purchase $329,852,134.38 of shares of the Company at prevailing market price, to a maximum of $$27.74 per share (adjusted for the separation, if applicable). To the extent that GM completes an investment under one subscription alternative (either the Tranche 2 subscription agreement or the Tranche 2 AEW), the Common Shares will cease to be issuable under the other agreement. In addition to other closing conditions, Tranche 2 will be subject to a condition that the Company secure sufficient funding to complete the development of Phase 1 of the Thacker Pass Project as set out in the Feasibility Study.

View attachment 5025562

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So it appears the Thacker pass project is worth roughly $700m or $1b aud.?

JRL Price at posting: $2.27 Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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Last 23.5¢		Change -0.005(2.08%)		Mkt cap ! $16.77M

Open	High	Low	Value	Volume
24.0¢	24.5¢	23.5¢	$15.45K	64.31K

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No.	Vol.	Price($)
1	1524	23.5¢

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Price($)	Vol.	No.
27.0¢	10000	1

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No.	Vol.	Price($)
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1	10000	0.230
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1	1000	0.215
2	19000	0.205

Price($)	Vol.	No.
0.270	10000	1
0.280	8000	1
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0.310	10000	1

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JRL most undervalued Li stock on ASX?, page-39

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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BCI reaches close of funding facility for salt-first part of Mardie project

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Buxton projects new graphite province discovery at WA Narryer play

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JRL most undervalued Li stock on ASX?, page-39

Top Stories

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

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Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BCI reaches close of funding facility for salt-first part of Mardie project

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White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News