LMG

2.08%

4.7¢ latrobe magnesium limited

Hi @jaspAs far as I can see, you are about as correct in your...

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kengaroo

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1113

31/07/23

14:11

Post #: 69081027
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Originally posted by jasp: ↑

Good morning @s144 and @kengaroo, what are your thoughts on the timeline for your predicted multibagger status and “at least 10 x and much more in time”?

Personally (and it’s possible that I’m suffering from a severe case of hubris) I feel very confident that LMG can hit 10 x within 5 years (and perhaps much earlier) if everything goes according to plan with :

the 1000k tpa demonstration plant
the 10,000k tpa commercial Latrobe Valley plant (possibly > 20,000k tpa)
joint venture partnership with a large multinational company
Government funding of grants
the 100,000k tpa Malaysian plant
Off-take agreements
the expected worldwide 5-7% CAGR growth of magnesium and supplementary cementitious material

It may seem overly optimistic at first glance but there have been numerous examples of Aussie stocks going on similar and much more massive bull runs.

For example :
LTR went from 2 cents in 2019 to $3.15 this year
PLS went from 15 cents in 2020 to $5.42 in 2022
CXO went from 2 cents in 2020 to $1.40 in 2022
SFR went from 5 cents in March 2009 to $6.54 in November 2010

These 4 examples are all resource stocks and I suppose it could be argued that LMG is actually more akin to a manufacturing stock rather than a resource stock in the traditional sense. But LMG is not exactly a traditional manufacturing stock either. It’s a bit of both.

Based on the potential expected future revenue just from the Latrobe Valley plant and the Malaysian plant it is easy to see why a 10 x share price rise within the next 5 years is quite justifiable in my opinion

Others may know of other examples of multibagger share price growth of stocks in a similar position to LMG perhaps?

Jasp

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Hi @jasp

As far as I can see, you are about as correct in your estimates as anyone could be. 5 years based upon the fundamentals, appears doable. Your list of foreseeable catalysts is a good example of what we have to achieve into the future. The GHD study, PFS for Malaysia and the BFS for the 10,000tpa+ plant can also be added to the list.

Plenty enough to keep my interest.

Regards
Ken
LMG Price at posting: 5.5¢ Sentiment: Buy Disclosure: Held
7 Upvote

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Last 4.7¢		Change -0.001(2.08%)		Mkt cap ! $103.0M

Open	High	Low	Value	Volume
4.6¢	4.8¢	4.6¢	$49.09K	1.047M

Buyers (Bids)

No.	Vol.	Price($)
1	64217	4.6¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	90574	1

View Market Depth

No.	Vol.	Price($)
1	64217	0.046
6	696237	0.045
3	1255000	0.044
3	262120	0.043
5	1236738	0.042

Price($)	Vol.	No.
0.047	90574	1
0.048	213273	3
0.049	421200	4
0.050	73468	2
0.051	7000	1

Last trade - 16.10pm 12/07/2024 (20 minute delay)

LMG (ASX) Chart

Hi @jaspAs far as I can see, you are about as correct in your...

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