Now that would be some hellacious Revenue for shareholders!:mad:...

Now that would be some hellacious Revenue for shareholders!

15.1% of the new company still belongs to DLC after the transaction. That was 37% before the transaction and now it is 15.1%. Which equals 11 million shares. So each share of DLC owns .0173775% of the new company. Translation = One thousand shares of DLC own 17.3775 shares of the new stock. The true value of the new stock is then equal to the proposed Paynes listing price. Whatever that is. Or if the new SP was $5.00 AUS, you would have a value of .0868 cents of the new company in each share of DLC.

So some value was there in buying DLC at .004 if this works out. If not, you still have DLC which is ramping up and is cashed up and is making profit. How can you lose? Easy, just vote liberal and you lose everything you own.............................................I think Malcom Day wants to be a billionaire and wants his shareholders to be rich also. Just a hunch!

Cape Lambert is pleased a transaction has been done with European Lithium given it is a quality asset and at a time when lithium is in high demand!