For those considering jumping ship, Euroz this morning issued a "BUY" on LGL, with the opinion that it is grossly undervalued on both resources, production, decreasing costs, increasing profits, etc.
Once all the silly manipulation finishes, with the shorters getting their collective arses burned (wouldn't that be nice?) LGL should return to $3-4 range and upwards.
And of course, if the US dollar comes back down (highly likely) and/or there is more confrontation in Georgia, the gold price will go way up. Given that LGL is almost completely unhedged, this should also push LGL onwards and upwards.
Think longer term. I'm another of the poor suckers from EQI who ended up with LGL scrip, but it still seems better to hang onto it, to me
ship jump, page-3
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Last
$1.43 |
Change
0.035(2.52%) |
Mkt cap ! $173.9M | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.43 | $1.39 | $5.073K | 3.633K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1524 | $1.43 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.50 | 13445 | 1 |
View Market Depth
| Last trade - 15.59pm 09/08/2024 (20 minute delay) ? |
| LGL (ASX) Chart |