Hello Everyone,
Below are some brief research notes on LithiumEnergy Limited. All information was collated from Strike Resources website/presentations and the LEL prospectus.
Corporate Snapshot
Market Capitalisation: $16 mil
Cash Raised: $9 mil
Enterprise Value: $7 mil
Shares on Issue: 80.01 mil
Escrow Shares and options are below
Substantial Share Holder:
Strike Resources Limited $SRK holds 34,410,000shares (43.01% of the company)
Projects Overview·Flagship Solaroz Lithium Project (Argentina - (90%)
·Burke Graphite Project (Queensland) (100%)
Solaroz Lithium Project
The Solaroz Tenements are mostly adjacent to and principally surrounded by Tenements held by Orocobre Limited (ASX/TSX:ORE) and Lithium Americas Corporation (TSX/NYSE:LAC), within South America’s ‘Lithium Triangle’ in North Western Argentina.
* Orocobre Limited – Market Cap. Is ~$2.4B AUD* Lithium Americas Corporation – Market Cap. Is ~$1.9B CAD
Burke Graphite Project
Lithium and Graphite Market PotentialUtilisation of Funds
Expected trading commencement Monday, 24 May2021
Good luck to all, given the projects and sector strength it looks attractive and should do well on listing.
All IMO. Please do your own research!
Lithium Energy Limited - IPO Breakdown
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 (20min delay)
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Last
50.0¢ |
Change
-0.020(3.85%) |
Mkt cap ! $56.00M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 50.0¢ | $28.53K | 56.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 130 | 50.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 54.5¢ | 21273 | 1 |
View Market Depth
| Last trade - 15.29pm 26/04/2024 (20 minute delay) ? |
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Last
51.5¢ |
Change
-0.020 ( 1.90 %) |
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| Open | High | Low | Volume | ||
| 51.5¢ | 51.5¢ | 51.5¢ | 5239 | ||
| Last updated 10.35am 26/04/2024 ? | |||||
| LEL (ASX) Chart |