I have sold most of my holdings in lonrho as I can't see for the time being any interest in the story to turn around the shareprice. The company is going to be facing tough times ahead if they can't do a deal with the chinese and regardless of it having the most prospective diamond acreage they still have lots of paper out there and if they have to do a raising it will dilute it further.
How many shares will they have to issue to get the 47 million needed and at what price?
this weeks trading, page-6
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Last
4.2¢ |
Change
-0.001(2.33%) |
Mkt cap ! $12.18M | |||
| Open | High | Low | Value | Volume |
| 4.3¢ | 4.3¢ | 4.2¢ | $6.548K | 154.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 240000 | 4.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 112000 | 1 |
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| Last trade - 11.08am 04/10/2024 (20 minute delay) ? |
| LOM (ASX) Chart |