LMG 2.94% 3.3¢ latrobe magnesium limited

Ann: LMG Placement closed oversubscribed, page-4

  1. 3,010 Posts.
    lightbulb Created with Sketch. 3670
    a 30% discount and a 300% profit on options

    That doesnt seem like a great deal for us shareholders and i question why LMG didnt ask for a better deals, afterall this is a month after the previous raise and its clearly an opportunistic broker tapping on the door for a quick buck.

    We didnt need these funds today, with morrisons 500m Green deals funding was always going to be simple

    LMG took the honey too early! This is a great company with a weak management

    Nevertheless, the share price is likely to do well and ultimately thats what we want as investrors. I just feel like i lost 25% of my ownership at unfair terms; which werent offered to me! the latter being the annoying part


 
watchlist Created with Sketch. Add LMG (ASX) to my watchlist
(20min delay)
Last
3.3¢
Change
-0.001(2.94%)
Mkt cap ! $77.48M
Open High Low Value Volume
3.5¢ 3.5¢ 3.3¢ $16.30K 475.6K

Buyers (Bids)

No. Vol. Price($)
6 1227183 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.5¢ 273428 2
View Market Depth
Last trade - 16.10pm 26/08/2024 (20 minute delay) ?
LMG (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.