If you were Legacy, why wouldn't you wait until:
1. You're getting close to needing the cash - think we're still a little way off as the roughly 2.7M still remaining in the bank only needs to cover Blackrange and Drake for now. That's a lot of drilling and desktop/geophysics.
2. The share-price is much higher (hopefully) post discovery hole. Share scarcity for now will help drive the price up, especially on a positive announcement. They'll then get more bang for buck on a cap raise.
It might be nice for investors wanting to get in or top up, but not great from a company strategy perspective I don't think.
- Forums
- ASX - By Stock
- LGM
- Ann: High-Grade Gold Drilling Underway at Black Range
Ann: High-Grade Gold Drilling Underway at Black Range, page-20
Featured News
Add LGM (ASX) to my watchlist
|
|||||
Last
27.5¢ |
Change
0.010(3.77%) |
Mkt cap ! $29M |
Open | High | Low | Value | Volume |
27.0¢ | 27.5¢ | 27.0¢ | $82.39K | 300.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 25.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
27.5¢ | 31684 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 10000 | 0.255 |
4 | 63008 | 0.250 |
1 | 4085 | 0.245 |
1 | 10000 | 0.235 |
4 | 41500 | 0.230 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 23156 | 1 |
0.280 | 123376 | 2 |
0.285 | 70441 | 2 |
0.295 | 70631 | 2 |
0.000 | 0 | 0 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
27.5¢ |
  |
Change
0.010 ( 7.84 %) |
|||
Open | High | Low | Volume | ||
27.0¢ | 27.5¢ | 27.0¢ | 46706 | ||
Last updated 15.28pm 14/06/2024 ? |
Featured News
LGM (ASX) Chart |