Hi ght Main headlines are ncm reversal because of lgl miss on profit vs concensus
There is also a lot of trade happening following options expiry
Lgl ceases trading from Monday on the asx,,so if your holding then your capital is tied up for a while whilst shares get allocated,allotted etc and some may not want that
Profit taking
Gold down a little
Market nerves, Dow below 10000
Good thing is production and cost guidance maintained
Now i don't suggest anyone do this without considering your own position and without speaking to your advisor,,,,,,if you don't want your capital tied up,,one could sell your lgl and buy ncm,,,that way you can still liquidate if you need to without having to wait for cash payment and ncm .shares allotment allocation etc
Again, this will depend on your own situation,,like when you bought the lgl,,capital gains tax etc etc and your acceptance for risk.........
Welcome to the company. Ght,,,,,,ncm big has certainly unlocked some good value for lgl holders
LGL Price at posting:
$4.43 Sentiment: None Disclosure: Not Held
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