To be honest, I came across this company simply from looking at the companies with the largest losses over the last year. It seems like a company you put $5000 into and forget about.
Does the company even own the land it has explored? Or is it simply a lease? LML is a long way away from putting shovel to the ground and getting any sort of development of these resources, so you really need to invest and forget I think.
Problem is, with the company burning through over $3 million a year.. the dilution to the shares over the next months will be massive.
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Last
0.5¢ |
Change
-0.001(9.09%) |
Mkt cap ! $10.28M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $1 | 241 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 12016920 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 9204739 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
27 | 10916920 | 0.005 |
18 | 13967944 | 0.004 |
5 | 12580000 | 0.003 |
2 | 2700000 | 0.002 |
5 | 8500000 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 9204739 | 11 |
0.007 | 21654994 | 13 |
0.008 | 7121428 | 8 |
0.009 | 6021429 | 3 |
0.010 | 2659888 | 3 |
Last trade - 10.04am 23/08/2024 (20 minute delay) ? |
LML (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
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