The next fact I would ask you to consider when comparing these markets caps and following any misleading advice.
Would be current comparative finical standing.
LIN
LINs coffers are virtually bone dry.
Yet they need to raise a further $30 million.
Youd assume shares will be issued or options taken.
This will dilute existing shareholder base.
The market cap will remain the same. However due to the additional shares issued. Will the share price drop? Usually it does as we know.
So if we have a $30million difference between LIN and PEK and LIN has to issue another $30 mill just to get the project.Then that $35million difference again drops either the difference down to almost nothing between the projects....or the sp needs to drop well under 8.1 cents to balance out.
I think you are starting to see why I am concerned.
While uprampers try convince you to buy because
Theres a "Potential for LIN to be rerated"
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Last
9.9¢ |
Change
-0.006(5.71%) |
Mkt cap ! $114.1M |
Open | High | Low | Value | Volume |
10.0¢ | 10.0¢ | 9.7¢ | $225.6K | 2.260M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 51500 | 9.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.9¢ | 53634 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 51500 | 0.097 |
1 | 100000 | 0.096 |
3 | 95526 | 0.095 |
1 | 20000 | 0.093 |
1 | 10988 | 0.091 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 311000 | 2 |
0.110 | 449979 | 3 |
0.115 | 404465 | 4 |
0.120 | 162338 | 4 |
0.125 | 87400 | 4 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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LIN (ASX) Chart |