L1M lightning minerals ltd

Looks like someone's getting out of dodge. 10% up yesterday, 15%...

  1. 884 Posts.
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    Looks like someone's getting out of dodge. 10% up yesterday, 15% down today on higher volume.

    Clear to see from the quarterly that they are going to need to raise. $1m left at the end of the quarter won't get them far.

    Alex must have known they would be running on fumes by the end of the drill campaign so I reckon he has hedged that they will find something and he can raise at higher price. I hope he's right. Dilution down here will be harsh...

    Still hard to not see the potential in this one. Drilling in a highly prospective area with confirmed spudomene with lithium price now bottoming. A tiny MC of what, $5m or $6m now? It's all upside from here. Hard to understand why more people aren't taking a punt...

    Not long to wait now till we find out anyway, let's hope Alex has got it right.

    Cheers,

    DMac
 
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(20min delay)
Last
6.0¢
Change
0.000(0.00%)
Mkt cap ! $5.993M
Open High Low Value Volume
5.3¢ 6.0¢ 5.3¢ $6.696K 113.0K

Buyers (Bids)

No. Vol. Price($)
1 257478 6.0¢
 

Sellers (Offers)

Price($) Vol. No.
6.5¢ 11000 1
View Market Depth
Last trade - 15.37pm 20/06/2025 (20 minute delay) ?
L1M (ASX) Chart
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