I think directors and management also bought at 11-12c. They got conv. notes and converted at 3.75c along with me. ALso, the directors have currently only loaned LUM money, they haven't bought shares at 2.3c YET - this is subject to the shareholders approving the purchase, which is definitely not a foregone conclusion. I'd say, if the Vertigo acquisition occurs, LUM at current prices is an absolute bargain - if it falls over, it's curtains and 1c or lower is not out of the question.
I reckon its worth the punt, hence the reason for me picking up another 800k'ish recently at 2.3c
- Forums
- ASX - By Stock
- LUM
- large buyers
large buyers, page-7
-
- There are more pages in this discussion • 2 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 LUM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Chairman
Nick Poll
Executive Chairman
Previous Video
Next Video
SPONSORED BY The Market Online