LMG is taking advantage of the share price rally to raise cash for the planning/construction of the more expensive 10k plant instead of the 3k plant. This makes it more likely that construction will start in early 2022. What is annoying is that only a select group of investors can participate; small investors are left out in the cold. On the other hand, the IPO could be wrapped up in no time, which would reduce the likelihood and duration of a price setback to the level of the IPO. The demand for magnesium in the automotive industry should increase considerably in the next few years, because vehicle weight is a high range waster and magnesium in vehicle construction can contribute to optimising the range. Imo the market will receive the KE positively because LMG is showing "action". So the rally can continue
LMG Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
