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1.8¢ lithium universe limited

Financial advice ???

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aeltania

290 Posts.

61

25/07/23

09:16

Post #: 68960310
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Originally posted by BigWill2018: ↑

Was a 20:1 consolidation.

So if your average was 1c with MGG your breakeven even in terms of capital price would be 20c for LU7.

People's averages can be higher or lower and will depend on how the share market reacts when it relists and if MGG holders just want to get out of the new direction or happy to hold/wait to see what happens but also on the demand from the market for the new business direction into lithium.

MGG was pretty much at cash before so you would think it is up given now there is assets and Iggy does seem impressive however MGG had a great board previously with Michael, Kate & Cameron and nothing came to fruition in terms of rapid/accelerated growth. Still loved how Kate was 100% asking for her pay to be in shares and Cameron was 70% (30% cash for tax would assume) so they seemed to have the right interest but also MGG was probably a small side hustle considering Cameron's net worth is reported to be ~2Bn (2023).

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Financial advice ???

MGG Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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0 Great analysis

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(20min delay)
Last 1.8¢		Change 0.000(0.00%)		Mkt cap ! $9.121M

Open	High	Low	Value	Volume
1.8¢	1.8¢	1.8¢	$720	40K

Buyers (Bids)

No.	Vol.	Price($)
11	1715253	1.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.9¢	2843298	8

View Market Depth

No.	Vol.	Price($)
11	1715253	0.018
15	2842354	0.017
4	370000	0.016
3	490000	0.015
1	36790	0.014

Price($)	Vol.	No.
0.019	2843298	8
0.020	3236073	8
0.022	585000	3
0.023	316666	2
0.024	64850	1

Last trade - 10.04am 28/05/2024 (20 minute delay)

LU7 (ASX) Chart