Average down has a negative side also. If the stock price either stayed put or sliding down, the fund will be burried and accumulated investment in 1 basket. I talk from my nightmare experience with LPD. A positive side is a large gain if company made a V turn around. Currently LPD LT shareholders are desperately waiting for any news of off-take agreement being secured. This will put the rocket under sp. So far no sign of that nor any related rumours. This is the most important box that still not ticked.
Ann: Quarterly Activities and Cashflow Report, page-49
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Last
0.3¢ |
Change
0.001(20.0%) |
Mkt cap ! $25.76M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $668 | 227.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 185 | 212417530 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 111442190 | 56 |
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| Last trade - 16.10pm 08/07/2024 (20 minute delay) ? |
| LPD (ASX) Chart |