Let's be real, how many of us, if we were able, would invest $100k, $200k or more in LNU at the current price??? Especially when we consider the journey thus far. I suspect very few of us.
Hence, for the company to raise somewhere near to $2m as people are claiming, is a significant achievement, especially in the current economic climate and given the company track record
The investors, one would suspect are sophisticated investors, who no doubt met with management, have seen the company history and have gone through all the numbers in more detail than we are privy to.... yet they still decided to invest. what does that say...
If they do raise enough as people are claiming and therefore do not raise further funds for at least 18months, then surely over the next let's say twelve months there is little downside risk.
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.30M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $6.697K | 3.348M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
37 | 227017940 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.2¢ | 6893203 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
37 | 227017940 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.002 | 6893203 | 3 |
0.003 | 62888550 | 16 |
0.004 | 50770500 | 4 |
0.005 | 40033333 | 6 |
0.006 | 28288138 | 4 |
Last trade - 10.28am 07/11/2024 (20 minute delay) ? |
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LNU (ASX) Chart |