LMG 0.00% 3.7¢ latrobe magnesium limited

Ann: Trading Halt, page-7

  1. 3,005 Posts.
    lightbulb Created with Sketch. 3612
    seems unncessary at this stage, they have the funding for pilot

    obviusly this is more about scale-up operations, but they had options in market which would have given them the injection they needed if they delivered on pilot.

    I expect if tis minor and get the market to price in future phases, it could be a positive

    But sadly i expect the market will not price in scale-up operations until they prove the model.. Cap raising now doestn seem like the best idea.

    I;ve mentioned before, the biggest risk with LMG is its inexperienced Board. These guys are not the guys we want leading and I hope in time we get a more qualified board

 
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