The current value for the LOM is all speculation, it is purely dependant on the IO spot price.
The market sentiment for future IO prices is quite bearish IMO, there is an expected fall to occur, as for when and how much? All guess work really, although futures prices gives us some information. Worst case IO spot price will fall below breakeven which is highly unlikely IMO, but it is possible
IMO a takeover will not occur, will need to pay at least $250mil to get it over the line, the board wouldn’t accept anything less. The value for me in this company is they will have their own current MC in cash by the end of the calendar year, and a record of delivering. I’m confident they will make another acquisition and repeat the process.
next boat, page-524
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Last
39.5¢ |
Change
0.010(2.60%) |
Mkt cap ! $274.3M | |||
| Open | High | Low | Value | Volume |
| 38.5¢ | 39.5¢ | 38.0¢ | $607.3K | 1.561M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 69556 | 39.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 39.5¢ | 38158 | 3 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| FEX (ASX) Chart |