L1M lightning minerals ltd

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

  1. 886 Posts.
    lightbulb Created with Sketch. 129
    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
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
4.2¢
Change
-0.001(2.33%)
Mkt cap ! $4.990M
Open High Low Value Volume
4.4¢ 4.4¢ 4.1¢ $14.17K 337.8K

Buyers (Bids)

No. Vol. Price($)
2 47996 4.1¢
 

Sellers (Offers)

Price($) Vol. No.
4.2¢ 80941 1
View Market Depth
Last trade - 12.42pm 25/07/2025 (20 minute delay) ?
L1M (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.