By moving down, the battery supply chain would be contingent on a number of factors, Australia has the potential to capture more wealth and jobs from its lithium sector. For a country that grabbed the opportunity, lithium and battery demand could result in billions of dollars. Two Lithium stocks are discussed here:
Lepidico (ASX: LPD) – To earn up to an 80% interest in the Youanmi exploration tenement, Option Agreement with Venus Metals Corporation Ltd. The company represents strong balance sheet with available cash of $4.9 million as at 30 June 2018. The net assets of the Group increased from $20,629,913 at 30 June 2017 to $24,499,573 at 30 June 2018. No dividend has been paid during or is recommended for the financial period ended 30 June 2018. The earnings per share (EPS) of the stock is at -0.003 AUD. Through oversubscribed Entitlement Offer and private placement, successfully raised approximately $8.2 million. As at 30 June 2018, in cash and cash equivalents is at $4.9 million. As at October 19, 2018, the stock of Lepidico Limited traded at $0.018 very close to its 52-week low, with a performance change of -5.00% over the last five days.
Lithium Power International (ASX: LPI) – At an 8% discount rate and based on a project life of 20 years, the outcomes include an ungeared IRR of 23.4% and a project NPV of US$1.05 billion before tax. The capital investment for construction of the project to production is presently estimated at US$504 million. Production is expected to be 74,000 t/a of potassium chloride (KCl) and 20,000 tons per annum (t/a) of lithium carbonate. The loss for the consolidated entity after providing for income tax and non-controlling interest amounted to $8,783,082 in 2018 compared to 30 June 2017 of $7,247,167. The Company successfully raised $35.6 million. There were no dividends paid, recommended or declared during the current or previous financial year. As at October 19, 2018, the stock of Lithium Power International traded at $0.330 near its 52-week low, with a performance change of 13.11% over the last six months.
The Income available from dividends remains attractive for many investors.
We take a look at the best yields on the market and assess what they say about a company’s prospect.
One Thing is certain, though, Australia interest rates are still low, making income difficult to come by and keeping the focus for many investors on high yielding stocks. Kalkine’s team of analysts bought you handpicked report for “Top 25 Dividend Stocks For 2018.”
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