Professional
Added to YB: 2026-05-05
Pitch date: 2026-05-01
EUR.AX [bullish]
European Lithium Limited
Author Info
No bio for this author
Company Info
European Lithium Limited engages in the exploration and development of lithium deposits in Australia and Austria.
Market Cap
AUD 615.8M
Pitch Price
AUD 0.43
Price Target
0.92 (+114%)
Dividend
N/A
EV/EBITDA
-3.38
P/E
0.51
EV/Sales
563.02
Sector
Metals and Mining
Category
special_situation
European Lithium: A Deal That Values Only Half the Business
EUR.AX: Scheme of Arrangement w/ CRML values stock at 61c vs 42c price. SoTP ~92c: $306M net cash (18c/share), 37.5% CRML stake (47c), 7.5% direct Tanbreez stake (17c), listed investments (1c), Wolfsburg hard-rock project (8c). Deal only values cash + CRML stake, ignoring direct Tanbreez ownership & Wolfsburg. Hedging CRML risk w/ 120vol 3mo calls. 32% spread reflects deal needs 75% approval; likely higher bid or forced CRML sales for buybacks if deal breaks.
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