With the greatest of respect, it is not chicken and eggs.
When it comes to stocks like LMG, the expression 'don't be a day late and a dollar short' is more appropriate.
I cannot predict timing, but much greater stock analysts and market watchers than me are pointing out the world shortage of magnesium, the enormous pressure on supply from China, the restrictions being placed on China's supply. And the severe implications magnesium restrictions will have for the EU and the US.
Both economies are working fast to find alternative supplies. The world's major users of magnesium, which is all of our carmakers, for a start, are having enormous issues, the word catastrophic has been used.
I've done a lot of research and LMG's own market updates refer to this.
Again, if there is another dip, I will be doubling down. But happy to have doubled my holding yesterday.
Latrobe is also one of the only ESG approved magnesium producers. It has a great future ahead and I'm happy to sit and wait for the eggs to hatch.
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Last
3.4¢ |
Change
0.003(7.94%) |
Mkt cap ! $79.83M |
Open | High | Low | Value | Volume |
3.2¢ | 3.4¢ | 3.1¢ | $14.50K | 454.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 1849188 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 77061 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 1849188 | 0.031 |
12 | 1280784 | 0.030 |
4 | 496551 | 0.029 |
1 | 7000 | 0.028 |
1 | 20000 | 0.025 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 196402 | 3 |
0.037 | 6000 | 1 |
0.038 | 149036 | 2 |
0.044 | 14000 | 2 |
0.045 | 45511 | 2 |
Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
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