I’d consider buying around 12-15c now, even then it’s going to be a very long time before there may be any upside due to huge headwinds and risky…
If it does go belly up the Denmark site would hopefully be of value - but IMO the firesale value wouldn’t be anywhere near what they paid for it (who wants a capital intensive cannabis growing facility in this high inflation/energy/fertiliser environment?).
Feel for anyone that bought the flashy pump early - look on the bright side though, at least you are sitting on decent capital gains tax losses.
DYOR IMO
I’d consider buying around 12-15c now, even then it’s going to...
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Last
13.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $39.22M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 12.5¢ | $7.587K | 60.41K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 97682 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 286256 | 5 |
View Market Depth
| Last trade - 15.37pm 16/05/2024 (20 minute delay) ? |
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Last
13.0¢ |
Change
0.000 ( 4.00 %) |
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| Open | High | Low | Volume | ||
| 12.5¢ | 13.0¢ | 12.5¢ | 60668 | ||
| Last updated 14.54pm 16/05/2024 ? | |||||
| LGP (ASX) Chart |