Hi Jaffadog
30c to current levels in my opinion was driven by several factors:
1) The acquisition of the Korean assets was a surprise to everyone and
a) committed the company to capital expenditure it did not have in the bank
b) caused a big dilution of stock for current holders due to approx 40% more stock issued.
c) unknown entity and opinion was it defocused efforts on McIntosh.
d) Came at a time where market was coming back and getting new capital was tough.
2) General market pullback.
3) Uncertainity around graphite plays.. What is good graphite and what is important when accessing graphite was relatively unknown.. There were a few graphite plays that came back strongly.
Since then
1) Market has steadied.
2) Graphite technology, uses and extraction is becoming more transparent. There seems to be a lot of focus on graphite and the "right" graphite is fetching big premiums. China has also tighened up on graphite exports which was the reason originally that the Korean assets closed when China flooded the market with graphite years ago.
3) McIntosh drilling results are coming in and look good.
4) A successfule cap raising was conducted by Novus which indicates interest.
On the whole the market for graphite especially premium product has only got better and is not tracking metal indexes..
If you want to see my view on LMB, then read back through some of my posts about my expected next steps and opinions..
Please note that these are my opinions and not investment advice.
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Last
2.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.79M |
Open | High | Low | Value | Volume |
2.3¢ | 2.3¢ | 2.3¢ | $3.381K | 147.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 300000 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.4¢ | 650000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 300000 | 0.022 |
1 | 500000 | 0.021 |
4 | 244417 | 0.020 |
2 | 1526842 | 0.019 |
1 | 310000 | 0.017 |
Price($) | Vol. | No. |
---|---|---|
0.024 | 500000 | 1 |
0.025 | 35154 | 1 |
0.027 | 67054 | 1 |
0.029 | 50000 | 1 |
0.030 | 384309 | 2 |
Last trade - 10.17am 06/09/2024 (20 minute delay) ? |
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HXG (ASX) Chart |