LRS 2.63% 19.5¢ latin resources limited

I'm by no means a pro at this share trading stuff, and yes,...

  1. 407 Posts.
    lightbulb Created with Sketch. 55
    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.
 
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Last
19.5¢
Change
0.005(2.63%)
Mkt cap ! $546.2M
Open High Low Value Volume
19.0¢ 19.5¢ 18.8¢ $1.931M 10.10M

Buyers (Bids)

No. Vol. Price($)
14 2661869 18.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 360569 6
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Last trade - 16.10pm 31/10/2024 (20 minute delay) ?
LRS (ASX) Chart
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