Looks like you might have got in at a reasonable price.
I am looking at a medium to long term hold for this stock, I can only see it appreciating over time just like a good bottle of aged whisky.
What I would like to see is a major increase in their production, the more they have in the pipeline the greater the value.
If they can do this with existing cashflow then thats fine, but I would even prefer that they utilise the low interest rate environment to achieve a more abitious growth target. If they are wanting to sell to the export market they will need more stock on hand and maturing down the line.
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Looks like you might have got in at a reasonable price.I am...
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Last
97.5¢ |
Change
0.035(3.72%) |
Mkt cap ! $81.30M |
Open | High | Low | Value | Volume |
94.0¢ | 99.0¢ | 94.0¢ | $140.4K | 148.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1068 | 94.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
97.5¢ | 10 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 68 | 0.945 |
2 | 21077 | 0.940 |
1 | 591 | 0.930 |
1 | 544 | 0.920 |
1 | 1093 | 0.915 |
Price($) | Vol. | No. |
---|---|---|
0.975 | 10 | 1 |
0.980 | 30000 | 1 |
0.990 | 5000 | 1 |
0.995 | 2250 | 1 |
1.000 | 8194 | 2 |
Last trade - 15.54pm 02/08/2024 (20 minute delay) ? |
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LRK (ASX) Chart |