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European Lithium, page-10

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ktrianta

3,862 Posts.

21

11/10/14

09:15

Post #: 14109972
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Originally posted by Tri2 ↑

Ktrianta how did you come to your result of 18.6% holding for CFE?

Tellyros and I had a different result. All I could find was that the IPO would raise 5 million pounds and end up being 16% of European Lithium so I worked out my calculations as follows:

5 million pounds is equal to 16% of the company. That means that each 1 % of the raising = 312,500 pounds. ( 5 million / 16)

As they have sold off 16 % of the company the remaining 84% is still held by the same companies and therefore the 35% that CFE hold now becomes 29.4% and the other holders current holding drops to 54.6%. 29.4 plus 54.6 = the 84%.

As 1 % = 312,500 pounds CFE's 29.4% = 9,187,500 pounds or AU$16,893,994 at todays exchange rate.

If they sell the 16% and the SP goes up on AIM listing CFE's holding will be looking good.

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Hi Tri2,

Figures come from the Fox Davies IPO document in relation to European Lithium. Surprised that no ASX release on this.

CFE Price at posting: 8.9¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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