Like the letter from CEO. Agree rally is over on LML as people read this letter will be the realization that we have two heads in LML and LMLND. With the shareholders withdrawing from QGL will put selling pressure on LML as if they willing to get out @0.013 they will surely sell in the 5s.
I think by the 15 Feb the spread between LML and LMLND will be back to 1 cent. LML holders switch heads into LMLND while you can.
If you are bullish on the company, you can double your position. on a 100,000 LML sold at 6 cents you can buy 200,000 LMLND @ 2 cents and then have $2000 left in the bank. Good luck and DYOR.... My position is a hold ATM as I am a sell on LML and a buy ON LMLND once LMLND rolls into LML will switch back to a buy.
Ann: Letter to Shareholders Regarding QGL offer, page-2
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.5¢ | $8.513K | 1.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 26 | 14667321 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 9728085 | 12 |
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| Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
| LML (ASX) Chart |