LMG 9.76% 3.7¢ latrobe magnesium limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-12

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  1. 1,920 Posts.
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    If there is no good news in August I expect we will slide down below 4c.
    Currently there is some support st 3.9c and if we break that we could slide down to the low 3's probably down to 3.2c unless the Company(Directors) or top holders step in to prop it up. It's a very sad situation and I put the responsibility and accountability at the Board - all six Directors. I just don't understand how they can feel so comfortable with LMG's current performance.

    I guess we can look at it and say that the brave(or the desperate?) have an accummulation opportunity, though I suggest you don't put the rent and grocery money on it.
 
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