In my opinion I believe buying into the lease in this manner is a way of limiting risk and immediate cash burn for the following reasons:
- The original owner maintaining 30% provided the incentive for them to let go of the lions share
- Amount of cash required up front is reduced
-Provides the opportunity for them to pull out if the results aren't great which further strengthens the second point.
I encourage you to read the announcements and not follow other posters blindly - which you have admitted by stating you didn't read the announcement.
Now just to get my thoughts straight:
- You don't read the announcements
- You don't own the stock
- You don't post original arguments or ideas like other non-holders (I support open discussion from non-holders)
So what's your reason to continue posting?
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.330M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $300 | 100.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
50 | 46116396 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 1769684 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
50 | 46116396 | 0.002 |
20 | 68225076 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 1769684 | 4 |
0.004 | 24128352 | 23 |
0.005 | 15312122 | 16 |
0.006 | 12335280 | 15 |
0.007 | 4985802 | 12 |
Last trade - 10.14am 04/09/2024 (20 minute delay) ? |
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LNR (ASX) Chart |