Thank you for your concern @amer1980. I am still here and will be for a long time. Was it a good day for Lakers? No. Was it an over reaction today, 86m shares trading & SP declining by 28%? I think so.
To answer your question, I didn’t sell a single share yesterday or today. Why?
1. I am a long term investor (not a trader)
2. Have seen similar drop in the past, especially in 2019 and I am not concerned of 40% drop in two days
3. Positives of yesterday announcements; LKE setting up US operation, close to LILAC, Money & FORD
4. Hopefully, an experienced and well known CEO would be recruited to take LKE from exploration to production
5. Path to NASDAQ listing
IMO, change of CEO (though could have been done in a much more professional manner) would be a big plus in mid to long run and would benefit immensely the long term LKE investors. Sometimes as investors, we should be prepared to tolerate short term pain for long term gain. LKE SP will bounce back when announcements get released (including today 96% conversion of 75c options) soon, I reckon.
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Last
3.9¢ |
Change
-0.001(2.50%) |
Mkt cap ! $66.74M |
Open | High | Low | Value | Volume |
3.9¢ | 4.1¢ | 3.9¢ | $106.9K | 2.717M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 112920 | 3.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 600196 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 202920 | 0.039 |
18 | 1832261 | 0.038 |
19 | 2249488 | 0.037 |
22 | 1740525 | 0.036 |
29 | 5759539 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 648066 | 7 |
0.041 | 744712 | 9 |
0.042 | 681476 | 6 |
0.043 | 288424 | 6 |
0.044 | 971230 | 8 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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LKE (ASX) Chart |