Hi everyone, missed a few back and forth posts from yesterday. I have been watching LOM and one of my considerations before I purchase a stock is the amount of shares on offer amongst many others. 3 billion seemed quite excessive to me but if what Meerkat says is true it is closer to 6 billion then wow.
I understand that the number of shares doesn't matter in the context of the market cap which holds far greater importance but for me if I hold a stock with great prospects/fundamentals and say 300million shares on offer and say 10-20 million of them are held by Directors, staff, SI's, etc then I am more inclined to invest than in a coy that has over 5 billion shares on offer which is much more (imo) susceptible to manipulation.
The other point is that if a sub 1cent coy has already issued over 6 billion shares - I am not interested in the low cost because the next CR will be for barely .1 .2 of a cent - even with a consolidation.
Anyway was looking at the great news of LOM yesterday and considering investing in them after watching them for so long. IMHO - A picture says a thousand words and LOM has this and their fundamentals down pat - a lot going for them just the registry and the sheer volume scares me. If I am in a pool full of corks and the plug gets pulled - I neither have the time or the patience to jump ship and I become another casualty of the stock software ripper. Cheers and good luck all LOM holders.
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Last
5.6¢ |
Change
-0.004(6.67%) |
Mkt cap ! $16.24M |
Open | High | Low | Value | Volume |
6.6¢ | 6.6¢ | 5.5¢ | $47.36K | 820.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 280076 | 5.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
6.9¢ | 116300 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 280076 | 0.055 |
1 | 140000 | 0.053 |
1 | 50000 | 0.051 |
4 | 220000 | 0.050 |
1 | 100000 | 0.035 |
Price($) | Vol. | No. |
---|---|---|
0.069 | 116300 | 2 |
0.070 | 6780 | 1 |
0.071 | 85000 | 1 |
0.072 | 108501 | 4 |
0.073 | 139658 | 1 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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LOM (ASX) Chart |