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42

06/08/24

09:40

Post #: 75086230
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Originally posted by Chair-Face: ↑

Morning all, it’s been a number of years since my last tip and since I’ve dipped my toes in the market. ( looks like I’ve picked a good time - sarcasm)

never the less, I thought I would share a prospect to keep an eye on.

LMS - Litchfield minerals
New to the market and exploring in the NT. IPO’d this year and currently trading well under cash backing. Management seem to be reasonable and ticking along with plenty of news in the coming months.

- Name : LMS
- MC of $2.8 mill
- cash in the bank of $3.8 million
- latest SP of 10.5c
- Long
- FA

I’ve taken a small position at 10.5c with the view of a medium term hold.
Interested to hear any thoughts from other posters ?

All the best

ChairFace

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Hey Chair-Face,

See below for the correct format to post a tip.
Your tip will not be picked up by the automatic scanner in the format that you posted.
Good luck.

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