Yeah end of September is a little disappointing but it’s minor in the big picture tbh. A delay may mean the share price drifts down lower than it may otherwise have done and offers investors taking a long term view an opportunity to pick up a fe more shares very cheaply.
I’m not too worried about what the share price does right now or even in the next 6 months. I’m far more interested in where it will be in 3-5 years.
In the end the market will give the share price valuation the company deserves. That’s the way it works.
A successful demonstration 1k tpa plant expanding to the 10k plus tpa and the announcement of a joint venture partnership for the 100k tpa overseas plant will go a very long way to pushing the share price multiple bags higher than current levels imo
I look at it like investing in a junior oil explorer. The best time to get in is soon after they buy tenement rights maybe even 2 years before the drilling program is scheduled. Inevitably, shortly prior to the beginning of the exploratory drilling program commences and during the actual drilling there is a surge in the share price.
Then the share price will either explode higher on good results or collapse if it’s a duster.
LMG is similar except that I would estimate that the chances of success with LMG is far more certain than with an exploratory oil well drilling due to decades of research and the off-take agreements that LMG already have in place, combined with the predicted growing demand for magnesium
Jasp
- Forums
- ASX - By Stock
- LMG
- Ann: Half Yearly Report and Accounts
Ann: Half Yearly Report and Accounts, page-3
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.3¢ |
Change
-0.001(2.27%) |
Mkt cap ! $99.98M |
Open | High | Low | Value | Volume |
4.4¢ | 4.4¢ | 4.3¢ | $1.334K | 30.96K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 6252 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 1271704 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 6252 | 0.043 |
1 | 115835 | 0.042 |
3 | 147731 | 0.041 |
5 | 148860 | 0.040 |
2 | 44451 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 1271704 | 5 |
0.045 | 35000 | 1 |
0.046 | 419706 | 4 |
0.047 | 89700 | 1 |
0.048 | 523273 | 5 |
Last trade - 10.38am 24/07/2024 (20 minute delay) ? |
Featured News
LMG (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & MD
Charles Armstrong
CEO & MD
Previous Video
Next Video
SPONSORED BY The Market Online