Are there any other investors out there who are invested in Lindian?
This board seems dead but there is a lot of potential in this share IMO.
I have been invested here for a couple of months since shortly after they announced that they had farmed into the Lushoto Bauxite project and although I wish I had got in before the announcement and doubled my money I am already in profit.
I love the bauxite space at the moment. I have already more than doubled my money in MMI since I invested at the beginning of this year but it kills me that I did not get into MMI back in Jan 2016 as I could have made ten times my initial investment instead of just two times.
I’m not complaining about being in profit but I am red hot for bauxite plays right now and looking to get into anything bauxite related at the earliest possible opportunity.
I have also invested in ABX and CAY and am roughly even in both of these investments but I am starting to think that I may sell out some of them and put more into here as the potential seems to be significantly higher – not just in terms of the assay results but in also in terms of where the LIN market cap is right now.
The grade samples here seem really high and when compared to the assay results published by CAY back in 24th June 2014 http://www.asx.com.au/asxpdf/20140624/pdf/42qd3xz3rlqqk8.pdf they are up to 50% better, yet the market cap of Lindian is only $5 million whereas CAY was $10 million two weeks after it published it’s initial assays and is $21 million today.
I see this as having the potential to double in market cap in the short term as people recognise the potential and as soon as they can get a Jorc report out and actually establish some reserves and resources then a $20 million market cap is a perfectly reasonable place to expect this company to sit as long as they can announce an ore-base of any reasonable tonnage.
What does anyone else think?
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Massive potential here...
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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Price($) | Vol. | No. |
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4 | 226666 | 0.090 |
1 | 37500 | 0.087 |
1 | 79999 | 0.086 |
3 | 721504 | 0.085 |
Price($) | Vol. | No. |
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0.096 | 75006 | 2 |
0.097 | 71900 | 1 |
0.100 | 100000 | 1 |
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