Lithium Power International (ASX: LPI)

Last close As at 17/04/2024

0.56

0.00 (0.00%)

Market capitalisation

362m

Edison Investment Research is terminating coverage on Lithium Power International (LPI). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant.

Latest Insights

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Metals & Mining | Flash note

Lithium Power International — Sale of Australian assets agreed

Metals & Mining | Update

Lithium Power International — Lower risk, higher reward

Metals & Mining | Flash note

Lithium Power International — Carbonate purity above industry standards

Mining Exploration_Lithium power

Balance Sheet

Forecast net cash (A$m)

13.9

Forecast gearing ratio (%)

N/A

Share Price Performance

Price Performance
% 1M 3M 12M
Actual 0.9 3.7 59.2
Relative 0.1 (4.9) 49.0
52 week high/low A$0.6/A$0.2

Financials

Lithium Power International (LPI) has entered into a binding agreement to sell its 100%-owned Australian lithium tenements to Albemarle. This is an all-cash transaction that will see LPI receive A$29m on completion, which is expected in early July 2023. The company will use the proceeds to further advance its flagship Maricunga lithium project in Chile. The deal is positive in our view in that it allows LPI to significantly extend its cash runway without further diluting its shareholders.

Y/E Jun Revenue (A$m) EBITDA (A$m) PBT (A$m) EPS (c) P/E (x) P/CF (x)
2021A 0.0 N/A (6.0) (2.16) N/A N/A
2022A 0.0 N/A (12.6) (3.77) N/A N/A

Thematics

thematic

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Shades of the 1970s

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Critical minerals: The investment vacuum

samuel-scrimshaw-kp_87tExCwI-unsplash

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Lithium’s adolescence

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Lepidico: Offer closes, oversubscribed

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