Been buying a few this week. Already up a bit but just wonder how much it can run given current mc is $16M @ 10c. Compare to say AXE, who have a similar mc but given their cash backing, have a much lower EV. Yes, LML have io also but until the groundwater issues are addressed, i think the market will attribute the project minimal value.
Anyway, let's see how it goes. Not unreasonable to think 20-30M mc is possible leading into drilling, given the low liquidity, but will need some strong results that reinforce the PB scoping study for a genuine re-rating.
graphite drilling commences
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.30M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $917 | 166.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 18909710 | 0.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.6¢ | 5385145 | 5 |
View Market Depth
| Last trade - 10.17am 26/07/2024 (20 minute delay) ? |
| LML (ASX) Chart |