It seems that the quarterly issued 30th January was also a defacto January progress report.
The next (February) progress report should be issued week of 4th March.
Couple of things we need to look out for:
- Tax rebate of $12.6M. I sense there is an issue here and it's not a trivial amount of money. I'd really like to know what the tax office is saying however what is more impotant i sthat we get it.
- End of March MgO production date - wherher this is still on track - the last communication indicated some if they need it.
- Cost over-run that preciptated a capital raise. I'd really like to know was(were) the underlying driver(s) for the cost over-run. Was it the delay of tax rebate?? I'm hoping we don't get a dumping after this current capital raise.
Looks like stage 2 has gone into hiatus until stage 1 is complete, and Peter Church is stuck in 2nd gear on stage 3. Hopefully with the Christmas/New year period over, we might get some traction and progress. If he comes back and says that the Chinese Lunae New Year stalled progress then I know he's digging for excuses.
I urge you all to remember these delays when we next vote for their remuneration packages. We need to ensure that a portion(at least 25%) of remuneration is contingent on performance ie performance base remuneration or performance bonuses. This Board needs to be given incentive to perform especially when you have 7 of them for such a small company.
- Forums
- ASX - By Stock
- general discussion
It seems that the quarterly issued 30th January was also a...
- There are more pages in this discussion • 306 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LMG (ASX) to my watchlist
(20min delay)
|
|||||
Last
5.0¢ |
Change
0.001(1.02%) |
Mkt cap ! $95.84M |
Open | High | Low | Value | Volume |
4.9¢ | 5.1¢ | 4.9¢ | $43.78K | 875.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 242144 | 4.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.1¢ | 206594 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 242144 | 0.049 |
7 | 286779 | 0.048 |
1 | 10000 | 0.047 |
1 | 3000 | 0.046 |
4 | 172000 | 0.045 |
Price($) | Vol. | No. |
---|---|---|
0.051 | 206594 | 2 |
0.052 | 192247 | 1 |
0.054 | 260000 | 2 |
0.056 | 19679 | 2 |
0.057 | 30000 | 1 |
Last trade - 15.59pm 03/05/2024 (20 minute delay) ? |
|
|||||
Last
4.9¢ |
  |
Change
0.001 ( 2.00 %) |
|||
Open | High | Low | Volume | ||
5.1¢ | 5.1¢ | 4.9¢ | 408938 | ||
Last updated 13.29pm 03/05/2024 ? |
Featured News
LMG (ASX) Chart |