There seems to be a lot of commentary that the share price will pop upon the commencement of production.
It is well known in the market that production will be commencing within a matter of months.
For all those that know the markets well, the market prices a company based on future events.
So why is this not the case with LMG?
Can anyone give me an example of a company who’s share price has popped upon achieving a milestone that was expected?
Don’t get me wrong, this company has exciting potential.
Does the market doubt that this will all proceed?
There are numerous companies with a market cap of $1 billion plus but are yet to earn a dollar.
Look forward to feedback.
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Last
3.3¢ |
Change
0.001(3.13%) |
Mkt cap ! $77.50M |
Open | High | Low | Value | Volume |
3.3¢ | 3.4¢ | 3.2¢ | $5.793K | 175.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 17168 | 3.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 514478 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 493 | 0.033 |
10 | 2161027 | 0.032 |
10 | 866638 | 0.031 |
7 | 1179500 | 0.030 |
4 | 802106 | 0.029 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 414478 | 2 |
0.035 | 209836 | 2 |
0.036 | 286679 | 5 |
0.037 | 6000 | 1 |
0.038 | 15000 | 1 |
Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
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LMG (ASX) Chart |