Unlike a lot of pump and dump stocks, LMG is being driven by the Magnesium metal supply crisis which appears to be some way (months) off its peak. The power crisis in China has put supply of Mg in sharp focus, made more complicated by the CCP politics, trade wars etc but the downstream effects on manufacturing haven't yet materialised.
There will be opportunities for LMG to vastly improve their financial profile, project economics and risk profile if the directors are even moderately smart but I'm not convinced they are up to that.
My money is on a smart player / deep pockets takeover so am still optimistic on the ultimate price but tomorrow, next week, next month?
I don't know.
DYOR.
Unlike a lot of pump and dump stocks, LMG is being driven by the...
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Last
4.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $99.90M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.2¢ | $20.20K | 474.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 338326 | 4.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 1098555 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| LMG (ASX) Chart |