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) ?
IMO, it is very unlikely that LKE would buy out XTCWhy would...
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Last
20.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $87.6K | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
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