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6.98%

4.6¢ latrobe magnesium limited

Ann: Magnesium Oxide Production, page-30

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Honest Rick

235 Posts.

15

13/05/24

15:00

Post #: 73798930
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Originally posted by tropic: ↑

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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Yes Tropic and if you go back through the years on the charts LMG always fills its gaps. I worked on a shearing team for a while and filled and pressed bags of wool so that one-tonne bag should be at his shoulder height if full. I saw the 5 kilo bag and had a chuckle. Was definitely a staged photo opp.
I managed to move a few at .068 cents so will wait for it fill the gap down at .051 to jump back in. Next time they could at least fill up a bag!

LMG Price at posting: 5.7¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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(20min delay)
Last 4.6¢		Change 0.003(6.98%)		Mkt cap ! $100.8M

Open	High	Low	Value	Volume
4.2¢	4.8¢	4.1¢	$184.3K	4.206M

Buyers (Bids)

No.	Vol.	Price($)
1	11500	4.5¢

Sellers (Offers)

Price($)	Vol.	No.
4.6¢	176953	1

View Market Depth

No.	Vol.	Price($)
1	11500	0.045
1	179809	0.044
3	71251	0.043
2	325000	0.042
2	50248	0.041

Price($)	Vol.	No.
0.046	176953	1
0.048	376867	2
0.049	500000	1
0.050	392130	4
0.051	207000	2

Last trade - 16.10pm 25/06/2024 (20 minute delay)

LMG (ASX) Chart