When the company relisted a recapitalization was required. New shares were issued LMLND and there were the existing shares LML Due to the long period of hibernation very few shares were available when it relisted. It opened at 1c and jumped up rapidly on stuff all volume. The rapid rise triggered the day traders, who then did their magic pushing it to 10c at one point again with quite small amount of volume. The day traders exited, and many long suffering shareholders have been happy to exit dragging the share price lower. The impending shortage of graphite will more than likely drive the price of near term graphite producers significantly higher over the following 24 months.. We just need to be patient. There a very few companies that have an approved graphite mining lease, near infrastructure and in a friendly mining jurisdiction. At some point this will take off.. We just need to be patient
LML Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
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