your choice of address reflects yourself quite well.
You are invested and are happy to lose 25% ownership at valuations well below what you feel its worth - sound like a chump?
Quick money is never the answer for a long term investor. If you in it for the long term, you'd be concerned around valuations.
If you here for the short-term, sell out and go along.
Alot of us are sitting on significant profit because we are here for the long-term. And today we lost 250m in potential additional value because management diluted us at discounted rate. The risk of securing this funding was low given the ESG developments.
As i said, the share price will go up - but a short term gain is of no value to me as a long term investor.
I can tell you will be exiting this stock as fast as you appeared. I can also tell you wont be reaping the benefit of being a long term investor. Truly a chump as you so eloquently put it
Ann: LMG Placement closed oversubscribed, page-25
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Last
3.2¢ |
Change
-0.003(7.25%) |
Mkt cap ! $75.13M | |||
| Open | High | Low | Value | Volume |
| 3.4¢ | 3.4¢ | 3.2¢ | $71.39K | 2.169M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 401616 | 3.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 3.3¢ | 15296 | 1 |
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| Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
| LMG (ASX) Chart |