I take no pleasure in conceding that @Lollies assessment of LOM has been proven far more accurate than my own, so far.
I do agree with you though that Mothae will get sold, but how quickly and for what price is the question. I can also imagine a scenario where the terms of the sale will at least in part, be subject to achieving performance and profitability targets for the next owner.
It seems glaringly obvious that Mothae was an unwise investment decision. Not one of SW's highlights as the former MD.
I just hope they can get this deal done for the MIC at Lulo forthwith and get some better results this year with the kimberlite hunt.
In terms of Mothae, assume that mining operations are continuing while LOM pursues the sale? Anyone know?
I take no pleasure in conceding that @Lollies assessment of LOM...
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Last
6.8¢ |
Change
0.002(3.03%) |
Mkt cap ! $19.72M | |||
| Open | High | Low | Value | Volume |
| 6.7¢ | 6.9¢ | 6.6¢ | $101.1K | 1.510M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 130000 | 6.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 6.8¢ | 499985 | 1 |
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| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
6.7¢ |
Change
0.002 ( 2.13 %) |
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| Open | High | Low | Volume | ||
| 6.7¢ | 6.7¢ | 6.5¢ | 20717 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| LOM (ASX) Chart |