LMP 3.57% 13.5¢ l&m petroleum limited

Hi pixby. I had a look at their chart and if it gathers enough...

  1. 146 Posts.
    Hi pixby. I had a look at their chart and if it gathers enough interest - which I think it warrants - to get past 11 cents with decent volume, then it might attract breakout traders and push up to 18 cents resistence very quickly. Their all-time high on my chart is 23 cents, and after that, blue sky. Drilling success and the promise of production could get it up there, I'm sure, but that would be some time away.

    I looked up their annual report and at that point the top 20 shareholders accounted for 103m of the 175m shares, and it's that relatively small number of shares that makes it a good prospect for a fast move IMHO.
 
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Currently unlisted public company.

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