Reference Midwest Lithium (MWL) I just received an email inviting me to invest into its IPO - they are seeking $13 million to $17 million in exchange for ~20% equity
South Dakota hard rock lithium play
This is the company, AZL took an approximate 11% stake after outlaying $1.25 million USD.
Interesting to note that at the minimum subscription level of $13 million, the market cap will be $ $66 million AUD- so post IPO, AZL stake will be ~8%
AZL market cap today ~$50 million -- hmmm - don't think they thought that would be the case when they were cashed up and bought into MWL and the Canadian assets.
Reference Midwest Lithium (MWL) I just received an email...
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $71.58M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.7¢ | 1.5¢ | $41.89K | 2.647M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 17779412 | 1.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.6¢ | 592947 | 3 |
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| Last trade - 16.10pm 04/11/2024 (20 minute delay) ? |
| AZL (ASX) Chart |