The money (the $7m) should be in LML's coffers mid-week. Of course $5m or so has to go out to pay MEA, but regardless, it makes the company look a lot more solid financially. Add to this the future prospects (also solid) and things look great I think.
Sadly 55c has not, and will not set the benchmark price (due to dilution) and those that thought it would, may sell out in the short term. I certainly won't.
Regardless, the announcement was unequivocably good news, and assuming the IO price stays up, we're sweet.
So, we have more coin and better prospects.
I suspect we will not see the dramatic SP price spikes of last year, but a steady climb upwards to the 40s this year. Re-rating wouldn't hurt and won't be unexpected. I'm happy enough.
Cheers all.
LML Price at posting:
33.6¢ Sentiment: LT Buy Disclosure: Held
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.
(20min delay)