I invested in Ausdrill when they was bottom due to debt,trading a fraction of book asset, which mostly drill and mining rig.
LYL is an engineering biz, like technology one, you do not want to take in debt to pay people wages. Cash is good, allow to buy equipment, fund winning project , advance to client at premium +10% interest.
especially gold mine plant building is booming now
Ann: Preliminary Final Report, page-7
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Last
$13.71 |
Change
0.010(0.07%) |
Mkt cap ! $546.4M | |||
| Open | High | Low | Value | Volume |
| $13.67 | $13.82 | $13.63 | $353.0K | 25.73K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1024 | $13.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $13.74 | 277 | 5 |
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| Last trade - 14.03pm 23/07/2024 (20 minute delay) ? |
| LYL (ASX) Chart |