I don’t think so. According to capital structure they have 614m shares on issue. At an initial price of .02 cents, then that gives an MC of $12.3m. I plan to check Commsec on Monday when they update the MC (it is 11.6T on Commsec!). At an MC of only $12.3m, there is plenty of upside potential, so hopefully these calcs’ are correct. As a comparison, PMT, LU7’s mine neighbour has an MC of $492m. Fingers crossed Iggy can pull this off!
GLTAH long-term holders who are looking to recoup their losses. Welcome new investors!
I don’t think so. According to capital structure they have 614m...
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Last
2.4¢ |
Change
-0.003(11.1%) |
Mkt cap ! $9.881M | |||
| Open | High | Low | Value | Volume |
| 2.6¢ | 2.7¢ | 2.4¢ | $25.77K | 992.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 201345 | 2.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.7¢ | 250000 | 1 |
View Market Depth
| Last trade - 15.34pm 02/05/2024 (20 minute delay) ? |
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Last
2.5¢ |
Change
-0.003 ( 7.75 %) |
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| Open | High | Low | Volume | ||
| 2.6¢ | 2.6¢ | 2.5¢ | 134350 | ||
| Last updated 15.38pm 02/05/2024 ? | |||||
| LU7 (ASX) Chart |