Lets not get too ahead of ourselves.
Let's see what happens after the 18th to see if those "sophisticated" investors do a dump to cash in.
At some stage this company will require a 10:1 share consolidation with about 1.5B shares on issue.
This risk is substantial - with OPEX cash burn of about $6M/year and large debt financing. Last cashflow statement indicates less than $1M in the bank and can only hope that the capital raise will finance opex to production of their planned 3000tpa demo plant. What is unclear is what revenue will the waste product(cement substitute) bring in.
Watching closely for an entry point.
Lets not get too ahead of ourselves. Let's see what happens...
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Last
4.9¢ |
Change
-0.001(2.00%) |
Mkt cap ! $94.87M | |||
| Open | High | Low | Value | Volume |
| 5.0¢ | 5.1¢ | 4.8¢ | $72.36K | 1.453M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7000 | 4.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.9¢ | 113288 | 1 |
View Market Depth
| Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
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Last
4.8¢ |
Change
-0.001 ( 4.00 %) |
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| Open | High | Low | Volume | ||
| 5.0¢ | 5.0¢ | 4.8¢ | 330850 | ||
| Last updated 15.58pm 04/06/2024 ? | |||||
| LMG (ASX) Chart |