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Lindian Resources Limited ( (AU:LIN) ) has shared an announcement.
Lindian Resources Limited has successfully secured an underwriting agreement with Petra Capital Pty Limited for options set to expire on 9 December 2025, with a conversion value of approximately A$5.0 million. This agreement allows institutional investors to increase their holdings, reflecting strong market support and confidence in the company’s value. The underwriting agreement, which includes standard commercial terms and does not require shareholder approval, is expected to enhance Lindian’s financial position and market presence.
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 operates in the mining industry, focusing on resource exploration and development. The company is primarily involved in the exploration of mineral resources and is listed on the Australian Securities Exchange (ASX) under the ticker LIN.
Average Trading Volume: 10,324,219
Technical Sentiment Signal: Buy
Current Market Cap: A$600.3M
Find detailed analytics on LIN stock on TipRanks’ Stock Analysis page.