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5.88%

3.2¢ latrobe magnesium limited

Hi Pat,I expect Ord would sell to claim the loss as a tax...

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tropic

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02/09/24

20:06

Post #: 75495140
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Originally posted by Patmeate: ↑

Wouldn’t that be the dumbest business strategy from ord Minnett? Can’t imagine they would burn cash and just sell at a significant loss after a month or so?

I wouldn’t imagine them selling any under 4.5, would love to be proven wrong, but they got more disclosure about the business than anyone in the market, some people always know more, I mean someone does, they fully backed the offer shows confidence. Just my opinion

Can anyone validate?

on another note, there was a piece of machinery noted in the last news letter about delivery in august/September. Does anyone know if it’s arrived?

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Hi Pat,
I expect Ord would sell to claim the loss as a tax deduction and invest any gained funds elsewhere and easily make up the losses anyway. The opportunity cost of holding LMG for them would be too high.

Note that delivery August/September can be interpreted as until 30th september.......................though that would probably blow out the milestone of 24hr MgO production by mid October.

LMG Price at posting: 3.2¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 3.2¢		Change -0.002(5.88%)		Mkt cap ! $75.13M

Open	High	Low	Value	Volume
3.5¢	3.5¢	3.1¢	$10.96K	335.1K

Buyers (Bids)

No.	Vol.	Price($)
2	81168	3.2¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	146673	1

View Market Depth

No.	Vol.	Price($)
2	81168	0.032
5	478138	0.031
11	930750	0.030
3	296551	0.029
1	7000	0.028

Price($)	Vol.	No.
0.034	146673	1
0.036	196402	3
0.037	6000	1
0.038	149036	2
0.044	14000	2

Last trade - 13.42pm 02/09/2024 (20 minute delay)

LMG (ASX) Chart