Aaah yes ken,I did expect it to retrace but I didn't expect it...

First 7 Last

Share
Profile

Follow
tropic

1,929 Posts.

404

27/11/23

18:01

Post #: 71131350
Share

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

Aaah yes ken,
I did expect it to retrace but I didn't expect it to retrace this far down - great accumulation opportunity!

Re the process - I think they only need to go as far as MgO production to validate the hydroment process as the final step to reduce MgO to Mg is a well known and proven(also used in the pidgeon process).

I too would like to hear Pippo's answers to your questions

LMG Price at posting: 5.6¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

TLG

Talga Group wins key permit for flagship graphite mine in Sweden

SWP

Swoop lobs $18M offer at microcap telecom Vonex – in which it holds 19.9%

NVU

Nanoveu surges 10% after benchmark testing for new AI chip begins

MTH

Mithril's drilling in Mexico picks up silver at 997g/t, gold at 28g/t

IRX

InhaleRX snags $38.5M in funding from VC biotech funder Clendon

What's causing the cost-of-living crisis, and how to navigate it

Week 42 Wrap: HotCopper's top picks; new ASX 200 record; world yawns at war

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

M4M

Macro, Norden set up transport solutions initiative for West Pilbara

SNX

Sierra Nevada raises $2M for silver exploration at Blackhawk