Russia/Ukraine Threat - New threat to Europe's Magnesium supply, page-5

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jumpstart

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26/01/22

18:09

Post #: 59143044
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Originally posted by KiwiCheek: ↑

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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You have missed my point. They have yet to raise finance What T&C? Hopefuily better than their first try, Then there is the build, then commissioning and did it meet expectations? Any cost overruns, or like in a project I was on the constructor went broke. On EPCM the owner can go broke before commissioning. Then there is consistency of feed during operations and is full capacity achieved?

Thats enough chickens and eggs off top of my head. Not a chicken Little here as I have a chunk of this also.
In ont project the equipmeyn fell of the ship during a storm.

Last edited by jumpstart: 26/01/22

LMG Price at posting: 9.2¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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