LMG 6.06% 3.5¢ latrobe magnesium limited

Ann: Magnesium Oxide Production, page-28

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  1. 1,929 Posts.
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    Good pick up Rick.
    It was a great opportunity to unload, and buy back though I think I will wait for the capital raise or after the CR.
    I think it will settle around 5.8c today. Not ideal - a lack lusture announcement, and yes a line of 1 tonne bags of MgO would have helped. It's carrying a lot of baggage form the oast 12 months. I doubt that potential big investors sitting on the sideline would be impressed by that release.

    Our hope now is for another announcement about extraction efficiency and purity to tell us just how good the hydromet process has performed. It may be best to wait for the CR after that.
 
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