I'm also a bit bemused by the activity in LOMO.
The most obvious reason seems to be the link between LOM and LOMO which causes LOMO to rise (and fall) by just over double the percentage of LOM, and therefore be a superior trading option.
Conversely there is some chance, remote that it would seem to be, that LOMO might be worthless in 12 months time, given the mining licence has still not been granted (for example).
There is also the point that a LOM holder could sell the heads and buy double the options, which outwardly seems like a fair idea, although I'm unable to put my finger on exactly why?
I'm confused - so I'm just holding both to see how everything plays out.
lomo, page-7
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Last
5.6¢ |
Change
-0.004(6.67%) |
Mkt cap ! $16.24M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.6¢ | 5.5¢ | $47.36K | 820.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 280076 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 116300 | 2 |
View Market Depth
| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LOM (ASX) Chart |