LIN 4.55% 10.5¢ lindian resources limited

Dribble $2.54

  1. 738 Posts.
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    What an absolute useless piece of dribble -- the reference to the high - $2.54 - of the previous reincarnation of Lindian some 20 years ago

    Lindian had its roots as the IPO of M.Box in Feb 2000 at 25c, our price has never traded at $2.54, however several management and directional changes and a reconsolidation or two, has been taken into account on any graph, - thus this $2.54 reflects the implied value, not what it actual trading price.
    Anyway, what relevance does this have to the current Lindian, -- I'll answer that - none.
    What I feel is far more relevant is when the current management and Chairman- Asimwe Kabanga- took management of Lindian, being ASX announcement on the 8/6/17, when the share price was 1.8c.
    Since then the share price has had a short spike to a high of 5c, and is currently 3.1c, - an increase of 1.3c since Asimwe joined Lindian.

    This is a return of 72% in 5 years --- not an overly exceptional percentage return , but far far better the the ASX 200 index, coming from 5677 in June 17, to currently 7075 as at 13/5/22, a 1398 point increase or some 25%.

    But speaking of returns -- thank God, I followed Asimwe into a sister company and bought into it at 1.6c and more at 2.2c and again more at 3.2c. I am sitting on a decent percentage and amount return.

    I'm still a believer that we are the only company that can exploit the Kangankunde Rare Earth asset in which my research makes me believe this has the potential to be a billion plus $ asset.

    Still buying !!

 
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11.0¢ 180450 2
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