LMP 3.57% 13.5¢ l&m petroleum limited

drivel

  1. 17 Posts.
    I have nothing constructive to say. My question is why is the SP of this stock still in the teens? Why isn't it one or two cents? (I bought at 17 cents, so its not something I want to see necessarily, although you'd have to think it would make a good entry price if you were looking for a decent punt)

    I like the people involved in LMP, not that I know them, but that is all LMP has in concrete terms, good people. That's a good start, especially if you are setting up a recruitment business, but since LMP is looking for rocks and gas, this is a stock whose price is at this point predicated soley on there being good news in the future (fingers crossed). So why is the SP, in my opinion, so relatively (relative to reality) high? A 16 million dollar market cap is pretty significant for a company that has nothing but potential.

    If no news comes out soon, I think this could go sub 10 cents for sure.

    I must say though, compared to other company threads on HC, the posters on LMP seem to be the sanest by a long way. I wonder if that is another good sign? I think it might be.
 
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