As per FP's view, mine is not one of day trading.
If I wanted a few quick dollars I would have sold. However that's not my goal nor the reason for my entry.
I had someone I worked with make similar statements abount NCM a few years ago and like a fool I listened to them. Considering NCM is now 4 times higher, I made a very big mistake listening to other than what I could see for myself happening with a growing company.
I have watched and waited for some time now for LGL to come down to this strong suport level and waited for the gold price to correct of the recent highs, realising there still remains some downside risk. A risk I am prepared and can afford to take unleveraged.
Long term LGL has loads of upside, unhedged potential. They have little debt to speak of and plenty of cash.
My reasoning is not without risk, however it is sound.
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 (20min delay)
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Last
$1.80 |
Change
0.000(0.00%) |
Mkt cap ! $219.1M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5714 | $1.75 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.81 | 12500 | 1 |
View Market Depth
| Last trade - 16.21pm 25/07/2025 (20 minute delay) ? |
| LGL (ASX) Chart |
Day chart unavailable