I dont understand this announcement.
Costs reduced from $100 Million to $35-$40 Million.
Then near the bottom of the report it states
blah,blah,blah has reduced the costs from $100 Million to between $65 - $70 Million.
So the question is how much will the plant cost
$35, $40, $65 or $70 Million ??????
And to whoever ask the question, Why does the share price go down when they are making annoucements, That is because this announcement was not a good one.
Reducing your production by 50% in the first year, Thats why the price went down. That and the fact that they cannot get funding for the $100 Million plant.
I am waiting patiently to buy LMG, From 2c a week ago, To hopefully 1c in another month or so.
- Forums
- ASX - By Stock
- LMG
- lmg reduces capital costs
LMG
latrobe magnesium limited
Add to My Watchlist
4.35%
!
2.4¢

lmg reduces capital costs, page-2
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
2.4¢ |
Change
0.001(4.35%) |
Mkt cap ! $63.22M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.2¢ | $53.29K | 2.320M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 125000 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 48700 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 125000 | 0.022 |
1 | 300000 | 0.021 |
4 | 504995 | 0.020 |
4 | 1485005 | 0.019 |
3 | 1743000 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 48700 | 1 |
0.025 | 599992 | 2 |
0.026 | 223459 | 1 |
0.028 | 400000 | 1 |
0.029 | 115262 | 2 |
Last trade - 15.41pm 18/09/2025 (20 minute delay) ? |
Featured News
LMG (ASX) Chart |