Hi everyone, missed a few back and forth posts from yesterday. I have been watching LOM and one of my considerations before I purchase a stock is the amount of shares on offer amongst many others. 3 billion seemed quite excessive to me but if what Meerkat says is true it is closer to 6 billion then wow.
I understand that the number of shares doesn't matter in the context of the market cap which holds far greater importance but for me if I hold a stock with great prospects/fundamentals and say 300million shares on offer and say 10-20 million of them are held by Directors, staff, SI's, etc then I am more inclined to invest than in a coy that has over 5 billion shares on offer which is much more (imo) susceptible to manipulation.
The other point is that if a sub 1cent coy has already issued over 6 billion shares - I am not interested in the low cost because the next CR will be for barely .1 .2 of a cent - even with a consolidation.
Anyway was looking at the great news of LOM yesterday and considering investing in them after watching them for so long. IMHO - A picture says a thousand words and LOM has this and their fundamentals down pat - a lot going for them just the registry and the sheer volume scares me. If I am in a pool full of corks and the plug gets pulled - I neither have the time or the patience to jump ship and I become another casualty of the stock software ripper. Cheers and good luck all LOM holders.
- Forums
- ASX - By Stock
- LOM
- m ore rare diam onds at lulo !
m ore rare diam onds at lulo !, page-51
-
- There are more pages in this discussion • 33 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 LOM (ASX) to my watchlist
|
|||||
Last
6.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $19.43M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 15800 | 6.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.7¢ | 31257 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 15800 | 0.063 |
2 | 84801 | 0.061 |
1 | 326778 | 0.060 |
1 | 431000 | 0.059 |
1 | 17240 | 0.058 |
Price($) | Vol. | No. |
---|---|---|
0.067 | 31257 | 1 |
0.068 | 150000 | 1 |
0.069 | 42000 | 1 |
0.070 | 92518 | 2 |
0.073 | 10000 | 1 |
Last trade - 16.12pm 12/07/2024 (20 minute delay) ? |
Featured News
LOM (ASX) Chart |
Day chart unavailable