I'm by no means a pro at this share trading stuff, and yes, share dilution is a concern for most people for several reasons, so you were fair in considering it.
Does a high number of shares on issue result in a market cap stalling, however? Nope.
A high number of shares on issue (in general terms) just means that you are likely to be spending the same amount of money to buy more shares at a lower value each. What most investors will look for, when deciding what to invest in, is a company's market cap.
LRS is sitting somewhere around $450m at the moment. Regardless of whether we have 10 shares on issue, or 2.5 billion, the market cap ($450mil) is what the market has collectively decided we are worth.
Forgive me if I've just explained something you already know, but perhaps have a look at LRS' peers market caps and their respective shares on issue to see what we are aiming towards as we work towards production.
LRS General Discussion, page-11388
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Last
19.8¢ |
Change
0.003(1.28%) |
Mkt cap ! $580.8M |
Open | High | Low | Value | Volume |
20.0¢ | 21.0¢ | 19.8¢ | $6.892M | 34.13M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
58 | 5354669 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 848957 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
58 | 5354669 | 0.195 |
40 | 5593293 | 0.190 |
28 | 2913997 | 0.185 |
30 | 4846719 | 0.180 |
27 | 2844068 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 852905 | 13 |
0.205 | 2063736 | 20 |
0.210 | 8893632 | 44 |
0.215 | 3186679 | 19 |
0.220 | 3638030 | 29 |
Last trade - 12.44pm 22/08/2024 (20 minute delay) ? |
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LRS (ASX) Chart |