I don't think he is deluded. I think he can see the LONG TERM potential of this stock.
Guinean bauxite is just one of their projects. It may not be going fast enough for some in the SHORT TERM but a value spec stock like this with Chinese interest is a guaranteed money maker.
Chinese construction post Covid will be in hyperdrive and they will need masses of raw product. LINs conglomerate bauxite is a premium product. China has used more concrete in 4 years than the USA has used in the last 100 years! Construction will boom to lift their economy. But aluminium is the future not concrete! Do the maths...
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Last
11.0¢ |
Change
0.005(4.76%) |
Mkt cap ! $126.8M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 11.0¢ | 10.5¢ | $92.00K | 876.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19687 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 695298 | 7 |
View Market Depth
| Last trade - 16.10pm 07/08/2024 (20 minute delay) ? |
| LIN (ASX) Chart |