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
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Last
3.2¢ |
Change
-0.002(5.88%) |
Mkt cap ! $75.13M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 3.2¢ | $32.29K | 973.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1025015 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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3.7¢ | 6000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1025015 | 0.032 |
2 | 66300 | 0.031 |
6 | 376998 | 0.030 |
1 | 150000 | 0.028 |
2 | 261000 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.037 | 6000 | 1 |
0.038 | 149036 | 2 |
0.043 | 336500 | 2 |
0.044 | 4100 | 2 |
0.045 | 45511 | 2 |
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