XTC General discussion, page-2468

IMO, it is very unlikely that LKE would buy out XTC

Why would they? They have enough problems with what they currently own. If they did, what price would they pay? Michel suggested $50M AUD. If they paid with cash, it would use $50M or circa $80M. If they paid with shares, they would dilute themselves be 15% (assuming a $50M pricetag). IMO, $50M would be paying overs.

XTC now a $17M mkt cap with $7M cash in bank.



If LKE really was the success story that their cult would have you believe, then why does its adjacent neighbour only have a mkt cap of $17M (with $7M cash on hand) ?