Today, after a very good report, with good production, low costs, etc, and with a gold price of about $930/oz - what happens?
The shorters have a field day! LGL has been pushed down from 2.96 to 2.82 as I write this. Ab-so-bloody-lutely disgraceful! They worry about shorting being targeted against financials such as banks, and the damage that does - hence the shorting ban in the USA. But what about the gold and silver miners such as LGL and CXC? Shorted to buggery, and pushed down relentlessly.
I have long maintained that shorting is immoral - selling shares you don't own (borrowed or otherwise). Action like this merely reinforces my opinion. I don't buy the weasel-worded reassurances of the ASX that shorting is good and makes for an "orderly market". It should be banned - full stop!
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LGL
lynch group holdings limited
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6.06%
!
$1.75

Today, after a very good report, with good production, low...
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Last
$1.75 |
Change
0.100(6.06%) |
Mkt cap ! $213.6M |
Open | High | Low | Value | Volume |
$1.75 | $1.75 | $1.75 | $88.21K | 50.41K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 530 | $1.65 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.78 | 311 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 530 | 1.650 |
1 | 100000 | 1.515 |
1 | 393 | 1.500 |
1 | 447 | 1.120 |
1 | 3000 | 1.000 |
Price($) | Vol. | No. |
---|---|---|
1.780 | 311 | 1 |
1.790 | 11331 | 1 |
1.800 | 1880 | 1 |
1.950 | 4485 | 2 |
2.170 | 4321 | 1 |
Last trade - 15.49pm 24/06/2025 (20 minute delay) ? |
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LGL (ASX) Chart |