LMG

3.23%

3.2¢ latrobe magnesium limited

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Pippo17

3,284 Posts.

265

28/11/23

21:00

Post #: 71155270
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Originally posted by kengaroo: ↑

Hahaha @tropic
I was writing this before and had to stop due to Mother in law intervention lol

Anyway, I'll still post it.

Hi @Pippo17

Your observations are very interesting and if you don't mind, would you please elaborate?

I just wonder if you saw what was happening on the inside of the plant?

How do you know that it will take to March to have the plant to be operational?

What does 'up and running' mean in contrast to the current strategy to produce Magnesium Oxide and the liklihood as reported that proof of process is projected for January?

Why are you say "hopefully April - May to see if it works"?

"The project is currently focused on fast-tracking the construction of key areas, including ash handling, leaching, pyrohydrolysis, and magnesite, to produce one-ton bulk bags of MgO, an intermediate product for customer sales, prior to the production of magnesium metal."

"This strategy is devised to generate both earlier revenue and familiarise the operations teams with the patented hydromet process. This approach will validate LMG’s intellectual property, particularly in extracting magnesium metal from brown coal fly ash and creating saleable byproducts, reinforcing the company’s value to all shareholders, investors, the community, the government, and all stakeholders."
I'll stop now as the point has been made.
That 7c+ didn't last long but buying on the dips is great.

All the best to holders. Patience is key.

Expand

I'm just a local mate, many punters around here still underwater from it's last run to into the teens..

1.8b soi worries me, as they are just burning through the capital .. will they have any left once pilot plant is completed ???

also, going to take some big deals before hand to actually commit to the 10,000t plant

Last edited by Pippo17: 28/11/23

LMG Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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Last 3.2¢		Change 0.001(3.23%)		Mkt cap ! $75.15M

Open	High	Low	Value	Volume
3.2¢	3.2¢	3.1¢	$6.057K	192.0K

Buyers (Bids)

No.	Vol.	Price($)
2	21491	3.1¢

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Price($)	Vol.	No.
3.2¢	340055	1

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No.	Vol.	Price($)
1	7989	0.031
12	1086643	0.030
6	672551	0.029
4	1500000	0.028
1	7000	0.027

Price($)	Vol.	No.
0.032	340055	1
0.033	200000	1
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0.036	186679	4
0.037	6000	1

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LMG (ASX) Chart

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