LMG 6.45% 2.9¢ latrobe magnesium limited

I will take up the offer. On past performance LMG will need...

  1. 76 Posts.
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    I will take up the offer. On past performance LMG will need every cent of the $6 million to keep the lights on and if they can't there is a real risk that the whole enterprise will founder and we shareholders will lose the lot. For me it is not a big outlay.

    I see four hurdles to successful completion of the demonstration plant:

    * shortage of tradespeople;
    * assay results and the extent of changes necessitated by them;
    * inability to achieve an economic efficiency level;
    * running out of money.

    From what I've seen, the last is by far the biggest and the only one I can do anything about.

    We don't need to worry about the competence or commitment of the staff at the plant; we just need a huge leap in performance from head office.


 
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3.2¢ 3.2¢ 2.9¢ $49.96K 1.650M

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4 131100 2.9¢
 

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Price($) Vol. No.
3.0¢ 85556 1
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Last trade - 16.10pm 17/09/2024 (20 minute delay) ?
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