LIN 10.0% 11.0¢ lindian resources limited

Ann: Updated Mineral Resource Estimate for Kangankunde, page-6

  1. 4,503 Posts.
    lightbulb Created with Sketch. 490
    Posters may recall that the shareprice downward trend commenced last August after the release of the long awaited MRE. Market expectations were not met and the slide continued till now. Check out last years MRE posts.

    We move forward 9 months and we have a major upward MRE revision. LIN has a monster of a resource that will generate substantial profits. The question is ….will the market see the revised MRE as a positive factor or will it require more facts and projections?

    I have a “gut feeling” that plant development contracts have been delayed and not issued as yet because something may be brewing in the background. USA funding agreements for other REE companies were subject to equipment/parts etc being made in USA. Could LIN be negotiating (America is Calling) funding? If so I expect a higher quality and more expensive plant to be built. May take longer to build than originally anticipated.

    I have no facts to support my feeling.
 
watchlist Created with Sketch. Add LIN (ASX) to my watchlist
(20min delay)
Last
11.0¢
Change
0.010(10.0%)
Mkt cap ! $126.8M
Open High Low Value Volume
10.5¢ 11.3¢ 10.5¢ $197.2K 1.814M

Buyers (Bids)

No. Vol. Price($)
9 642981 10.5¢
 

Sellers (Offers)

Price($) Vol. No.
11.0¢ 180553 3
View Market Depth
Last trade - 15.59pm 18/06/2024 (20 minute delay) ?
LIN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.