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
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.9M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 17.0¢ | $948.8K | 5.574M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 186401 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 1467659 | 19 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 186401 | 0.170 |
24 | 1500378 | 0.165 |
22 | 1570193 | 0.160 |
8 | 742812 | 0.155 |
21 | 1027117 | 0.150 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 1467659 | 19 |
0.180 | 1514577 | 14 |
0.185 | 503189 | 11 |
0.190 | 642605 | 12 |
0.195 | 248882 | 6 |
Last trade - 16.10pm 01/07/2024 (20 minute delay) ? |
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