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Lindian Resources Limited ( (AU:LIN) ) just unveiled an update.
Lindian Resources Limited announced the issuance of 1,723,595 fully paid ordinary shares following the conversion of options exercisable at $0.30, with a deadline of December 9, 2025. This move, executed without investor disclosure under Part 6D.2 of the Corporations Act, reflects the company’s compliance with relevant legal provisions and its strategic approach to enhancing its capital structure, potentially impacting its financial positioning and stakeholder interests.
The most recent analyst rating on (AU:LIN) stock is a Buy with a A$0.91 price target. To see the full list of analyst forecasts on Lindian Resources Limited stock, see the AU:LIN Stock Forecast page.
More about Lindian Resources Limited
Lindian Resources Limited is a company listed on the Australian Securities Exchange (ASX: LIN) that operates in the resources sector. It is involved in the exploration and development of mineral resources, focusing on expanding its portfolio and market presence in the industry.
Average Trading Volume: 9,195,632
Technical Sentiment Signal: Buy
Current Market Cap: A$590.1M
For detailed information about LIN stock, go to TipRanks’ Stock Analysis page.