Pilot Plant Progress, page-13

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Trader_90

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22/08/23

16:49

Post #: 69483457
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Originally posted by jasp: ↑

The current falling share price is a real head scratcher for me.
I feel a bit like Michael Burry did in The Big Short when his credit default swap options kept falling when he knew that should have been rising as the subprime mortgage market was collapsing. I would have thought that as the construction and commissioning of the demonstration plant gets nearer to completion then LMG becomes progressively de-risked and next steps like the construction of the 10k tpa plus commercial plant and the 100k tpa Malaysian plant start to come into view.

But the sharemarket is an irrational and often counterintuitive beast. Eventually FOMO will have to start to kick in and LMG will get the market capitalisation it deserves imo. But when? Probably after LMG announce successful commissioning of the demonstration plant towards the end of the year.

Seems like a lot of investors are waiting on the sidelines and prefer to wait rather than invest now and hold for 4-6 months until successful commissioning despite the share price being ridiculously cheap right now.
Hopefully LTHs like myself will eventually be rewarded for taking an early position and patiently waiting

Jasp

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not wrong. feel like it will touch into the 4s before it heads back to the 10s.. I'm eagerly awaiting more news...

LMG Price at posting: 5.0¢ Sentiment: None Disclosure: Not Held
6 Upvote

0 Great analysis

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(20min delay)
Last 2.9¢		Change -0.002(6.45%)		Mkt cap ! $68.10M

Open	High	Low	Value	Volume
3.2¢	3.2¢	2.9¢	$49.96K	1.650M

Buyers (Bids)

No.	Vol.	Price($)
4	131100	2.9¢

Sellers (Offers)

Price($)	Vol.	No.
3.0¢	85556	1

View Market Depth

No.	Vol.	Price($)
4	131100	0.029
3	1575000	0.028
2	132000	0.027
1	250000	0.026
1	150000	0.025

Price($)	Vol.	No.
0.030	85556	1
0.032	531165	2
0.034	100679	1
0.035	109836	2
0.036	158902	3

Last trade - 16.10pm 17/09/2024 (20 minute delay)

LMG (ASX) Chart

Pilot Plant Progress, page-13

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Winsome scoping study proposes low-cost operation for Adina lithium project

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Pilot Plant Progress, page-13

Top Stories

Western Mines identifies 2 high-grade zones at Mulga Tank in WA

Winsome scoping study proposes low-cost operation for Adina lithium project

Siren Gold boosts antimony resource by 66% to 14.5Kt at Auld Creek, NZ

Petratherm adds $1.6 to the piggybank ahead of SA titanium drilling program

Altair Minerals hits high-grade copper and gold at Wee MacGregor, QLD

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News