Ann: Half Yearly Report and Accounts, page-3

Yeah end of September is a little disappointing but it’s minor in the big picture tbh. A delay may mean the share price drifts down lower than it may otherwise have done and offers investors taking a long term view an opportunity to pick up a fe more shares very cheaply.
I’m not too worried about what the share price does right now or even in the next 6 months. I’m far more interested in where it will be in 3-5 years.
In the end the market will give the share price valuation the company deserves. That’s the way it works.
A successful demonstration 1k tpa plant expanding to the 10k plus tpa and the announcement of a joint venture partnership for the 100k tpa overseas plant will go a very long way to pushing the share price multiple bags higher than current levels imo

I look at it like investing in a junior oil explorer. The best time to get in is soon after they buy tenement rights maybe even 2 years before the drilling program is scheduled. Inevitably, shortly prior to the beginning of the exploratory drilling program commences and during the actual drilling there is a surge in the share price.
Then the share price will either explode higher on good results or collapse if it’s a duster.
LMG is similar except that I would estimate that the chances of success with LMG is far more certain than with an exploratory oil well drilling due to decades of research and the off-take agreements that LMG already have in place, combined with the predicted growing demand for magnesium


Jasp