Since the first announcement of the lithium find at KH, the share price of FBM has increased from 4.8 cents to 14 cents, adding $40 million to its market cap. The trading volume has also been steadily increasing every day. LSR owns 20% of KH, but the market has not yet given any value to their share of the KH lithium find. In a rational market this situation seems puzzling and suggests manipulation by an interested party. If the next KH announcement is positive, I believe that manipulators will no longer be able to keep the share price suppressed at 0.5 cents.
LSR poised to re-rate, page-53
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Last
0.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.023M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.2¢ | 0.1¢ | $16.35K | 15.85M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 83536917 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 27913152 | 20 |
View Market Depth
| Last trade - 14.45pm 28/06/2024 (20 minute delay) ? |
| LSR (ASX) Chart |