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5.5¢ latrobe magnesium limited

Even if all the coal power stations close tomorrow, there would...

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Dezzydodo

85 Posts.

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27/03/23

14:35

Post #: 66977347
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Originally posted by pangunaCu: ↑

I stand to be corrected but ........"Construction has commenced on its initial 1,000 tonne per annum magnesium plant
with commissioning targeted to commence end of Q3 2023. A commercial plant will then be developed, with
a capacity of +10,000 tonne per annum magnesium, shortly thereafter. The plant will be in the heart of
Victoria’s coal power generation precinct, providing immediate access to feedstock, infrastructure,and labour......."

So with Australia consuming some 8,000 tonne of Mg then the goal to 100% import replace from the Latrobe facility I'm thinking and the Malaysian play is the bigger picture but a way bigger picture from where they sit at the moment.
Just would have thought that the feedstock currently available from fly ash is limited and with coal fired power stations going to the wall eventually non-existent.
Don't get it and given the market reaction, then neither does the market.

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Even if all the coal power stations close tomorrow, there would still be enough fly ash for 100 years.
literal mountains of it buried behind the stations and accessible for use.

LMG Price at posting: 6.1¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 5.5¢		Change 0.001(1.85%)		Mkt cap ! $106.4M

Open	High	Low	Value	Volume
5.4¢	5.5¢	5.3¢	$27.46K	512.8K

Buyers (Bids)

No.	Vol.	Price($)
2	63500	5.3¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	311699	3

View Market Depth

No.	Vol.	Price($)
2	63500	0.053
12	731063	0.052
6	1136985	0.051
11	1258100	0.050
4	160908	0.049

Price($)	Vol.	No.
0.055	311699	3
0.056	142051	3
0.057	100000	1
0.058	194822	2
0.060	809293	3

Last trade - 16.10pm 16/05/2024 (20 minute delay)


Last 5.3¢			Change 0.001 ( 1.85 %)
Open	High		Low	Volume
5.3¢	5.5¢		5.2¢	156863
Last updated 13.58pm 16/05/2024 ?

LMG (ASX) Chart