LMG

0.00%

4.0¢ latrobe magnesium limited

Absolutely Top Shelf @tropic , appreciate your diagnosis/...

First 2256 Last

Share
Profile

Follow
Cguv

2,898 Posts.

1115

16/09/24

11:21

Post #: 75690639
Share

Originally posted by tropic: ↑

If we look at Australian Goivernment's Critical Minerals Prospectus, LMG is listed. I have attached the extract for LMG which supposedly last updated 6th September(attached pdf file).
It says: " Stage 2 will produce magnesium metalis on target for completion in 2024 Q4." That stage 2 is the 2nd stage of the stage 1 demo plant and it implies Mg ingots by end of December 2024. It also said "The first hydromet stage has been completed and fullycommissioned producing MgO in April 2024". Well, ore commissioning was complete and reported 13th May 2024, but close enough.

Maybe they are working on the MgO reduction to produce ingots and want to keep it as a surprise to the market - that should produce a larger share price spike for a more profitable capital raise.
Maybe they do have enough money with the recent $3M drawdown from the loan.
Maybe the fact that they can daw down another $3M in January will help operate the reduction stage.
Maybe I'm being hopeful and just dreaming.

Supposedly we are one month away from announcing 24hr MgO production. We are essentially sitting at 3c so a 100% share price spike would take us to 6c. If simultaneously they announce Mg ingots production we might get a near 200% spike to hit that magical 10c.

I just looked at their News/Blog on the LMG website https://www.latrobemagnesium.com/news and the release on 6th September states:
The company received an offset of $12.9m for FY23 in May 2024, with the funds used to reduce the amount owing under the loan facility.
Well then, why is our loan facility sitting at $25m drawn??.........with not one dollar paid off it?

Honestly, I don't know what to believe and what not to believe of what this Company says.

LMG Microsoft Power BI.pdf

Expand

Absolutely Top Shelf @tropic ,
appreciate your diagnosis/ opinion on lmg state of play
dubious at worst , hoping for a rabbit out of the hat moment in the coming months with emphasis on the hoping ...
clear as mud
show us the Ingots Dave
Show The Market Ingots

LMG Price at posting: 3.2¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

BCI

BCI reaches close of funding facility for salt-first part of Mardie project

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

CKA

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

SLS

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

WCN

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

NTI

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

COD

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

BUX

Buxton projects new graphite province discovery at WA Narryer play

There are more pages in this discussion • 88 more messages in this thread...

First 2256 Last

Add LMG (ASX) to my watchlist

(20min delay)
Last 4.0¢		Change 0.000(0.00%)		Mkt cap ! $93.94M

Open	High	Low	Value	Volume
4.2¢	4.3¢	4.0¢	$49.70K	1.217M

Buyers (Bids)

No.	Vol.	Price($)
4	184500	3.9¢

Sellers (Offers)

Price($)	Vol.	No.
4.2¢	165526	2

View Market Depth

No.	Vol.	Price($)
4	184500	0.039
2	231185	0.038
1	150000	0.037
1	27700	0.036
5	606000	0.035

Price($)	Vol.	No.
0.042	165526	2
0.043	117773	2
0.045	100000	1
0.047	500000	1
0.048	80000	1

Last trade - 15.57pm 04/10/2024 (20 minute delay)

LMG (ASX) Chart

Absolutely Top Shelf @tropic , appreciate your diagnosis/...

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Absolutely Top Shelf @tropic , appreciate your diagnosis/...

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Buxton projects new graphite province discovery at WA Narryer play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News