Not yet. I think they will struggle. I am expecting the sp to be propped up until the offer closes. Thereafter I expect it to wander between 3.8c and 4.8c until we get to 24hr MgO production. On announcement of 24hr operation we sholuld see a re-rate closer to 8c and when announced ignot production I expect around the 10c mark.
Even if there is no take-up, the offer is fully underwritten though Ord will not want to be holding too many and a dump after the raise could bring sp down to the high 3's.
If it's going to go any higher than 5c it will most likely be due to +ve announcements re stage 2 and/or 3.
I am hoping by the end of the year they will process some Ni Slag to show the hydromet performance on such slag - that would stimulate investor interest in stage 3. The only other alternative is a take-over however if it hits 10c a buyer will need about $400M - $500M.
- Forums
- ASX - By Stock
- Ann: LMG Entitlement Offer closing date extended
Not yet. I think they will struggle. I am expecting the sp to be...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $99.90M |
Open | High | Low | Value | Volume |
4.2¢ | 4.3¢ | 4.2¢ | $20.20K | 474.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 338326 | 4.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.4¢ | 1098555 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 338326 | 0.043 |
8 | 1291918 | 0.042 |
2 | 1030000 | 0.041 |
6 | 1985000 | 0.040 |
2 | 75600 | 0.039 |
Price($) | Vol. | No. |
---|---|---|
0.044 | 1098555 | 2 |
0.045 | 1843028 | 2 |
0.046 | 350000 | 3 |
0.047 | 89700 | 1 |
0.048 | 523273 | 5 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
LMG (ASX) Chart |