Out of interest what would you expect the SP to be if/when LOT gets back into production?
It's tough to Say with Lotus because, it's not like the liquidity hasn't been there and the share price hasn't tried to run, but there are a heck of a lot of sellers that hold it back.
With that being said, I would say:
+20% when the MDA is announced, based on a similar bump from GBE (they were the first company to sign an MDA with the Malawi Government)
+100% during the 12 month ramp up and assuming no issues (+100% based on a similar production profile to Boss, but allowing a much lower MC, based on risk.)
Lotus is still cheap imo. But it comes with risk.
Out of interest what would you expect the SP to be if/when LOT...
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Last
44.5¢ |
Change
-0.005(1.11%) |
Mkt cap ! $814.8M | |||
| Open | High | Low | Value | Volume |
| 46.0¢ | 46.0¢ | 44.5¢ | $579.2K | 1.285M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 119629 | 44.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 45.0¢ | 125000 | 1 |
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| Last trade - 16.10pm 16/05/2024 (20 minute delay) ? |
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Last
45.0¢ |
Change
-0.005 ( 0.22 %) |
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| Open | High | Low | Volume | ||
| 45.5¢ | 46.0¢ | 44.8¢ | 606178 | ||
| Last updated 15.59pm 16/05/2024 ? | |||||
| LOT (ASX) Chart |