LYL - Lycopodium Limited

[divs4ever]

still way above my top-up price ( unless it does something game-changing )

am more likely to glance at it from time to time ( unless a major announcement )

but the mining cycle , where are we in that , apart from some new 'exciting minerals ' prices seem to be static or trending down

so unless LYL starts getting contracts to help mine efficiency ( and 'green energy ' scam ) i don't see a strong upside soon ( unless there is a take-over move )

 

[finicky]

Got to admit, daily chart looking prospective. Early in the day yet and neglible volume but breakout from a pennant looks possible?

Not Held
Was hoping for lower break on the weekly chart a couple of weeks back.

DAILY

 

[divs4ever]

Got to admit, daily chart looking prospective. Early in the day yet and neglible volume but breakout from a pennant looks possible?

Not Held
Was hoping for lower break on the weekly chart a couple of weeks back.

DAILY
View attachment 191591

my av. share price is sub $3.40 ( bought in March 2014 )

not my best winner , but still a nice winner for me ( of course i recovered the investment cash on the way , it is on of my favourite moves )

 

[divs4ever]

Lycopodium Acquires Majority Interest in Argentinian-based SAXUM

PERTH, 18 February 2025
Lycopodium Limited (“Lycopodium” or the “Company”) is very pleased to announce finalisation of its acquisition of Argentinian headquartered engineering company, SAXUM, at a purchase price ofUS$7.1 million, fully funded from cash reserves.
The Company now holds a 60% shareholding in SAXUM with options over the remaining share capital in subsequent years, being 25% on the fifth anniversary of the completion date and 15% on the seventh anniversary of the completion date.
Lycopodium’s Managing Director, Peter De Leo, said: “This strategic acquisition will further enhance our capabilities, expand our service offering and position us more competitively in the global market,enabling us to establish a material footprint in Latin America to complement our Lima office as well as supporting our ingress into the US market.
Like Lycopodium, SAXUM is a technically led, client focused and value centric business, and we welcome the SAXUM team to the Lycopodium family.
”Founded in 1996, SAXUM is a multi-disciplinary engineering and project management services company, providing services to the Mineral Processing, Cement & Lime, Manufacturing &Infrastructure and Oil & Gas sectors.
With more than 100 employees, the organisation consists of four companies which are established in Argentina, Brazil, USA and Australia and operates from five offices around the globe – Tucumán and Buenos Aires, Argentina; Irving, Texas; Belo Horizonte, Brazil; and Perth, Western Australia.
SAXUM holds no debt, and with consistent revenue growth and strong profit margins, will contribute immediately to Lycopodium’s revenue and profitability.
The SAXUM brand is well established and respected, with a solid client base founded on long-term relationships.
SAXUM will continue to be managed by the incumbent leadership team and our new partnership positions both SAXUM and Lycopodium for further expansion and success across our key markets,”said Mr De Leo.
SAXUM founder and CEO, Dr Guillermo Etse, said: “We are looking forward to embarking on this next chapter for SAXUM and the many new opportunities this partnership will bring to both SAXUM and Lycopodium.”

For further information Peter De Leo Managing Director, Lycopodium Limited

Telephone: +61 8 6210 5222

i hold LYL ( ' free-hold ' )