LON - Chart, page-29

First 29 Last

Share
Profile

Follow
Uboy

2,950 Posts.

23

18/12/17

19:32

Post #: 29718473
Share

Originally posted by Reillyblue ↑

I don't think you should forget about WHA nor about LON. WHA has 70% of organic milk market and LON has 20%. It is pretty much a duopoly. Major difference is going to be shares outstanding, WHA has 144 million to LON which will have 2.5 billion. The reason WHA shares price has gone up is simply supply and demand. More people want the shares than there is supply. LON will have this as an anchor on it as 2.5 billion shares will work in reverse more supply than demand. I have had a similar issue with some Medical marijuana stocks I own. Unfortunately mine has a lot of shares on issue and despite positive news the share price can't reach what some of the other stocks have because of limited share holdings. Lon will be interesting to watch over the next month if it breaks 5.8 there isn't much support until 4c. Hopefully an announcement or two will give it a boost. The question is will the investors hold tightly or try and take some profit. Remembering at the current share prices they have doubled their money. Another more interesting play in this sector is bxn. seems a nice blend of two.

Expand

@Reillyblue

Major difference is product range and about $20 mill of revenue!

Likely to be more like $40 mill revenue in next 8 or so months.

Shares on issue is not the measurement - its market cap that matters.

LON is making money, WHA on the other hand is spending money.

Let's compare in 6 months with full year results.

LON Price at posting: 5.8¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

OD6

Leo Lithium locks in US$116.3M with sale of Goulamina stake to Ganfeng

There are more pages in this discussion • 44 more messages in this thread...

First 29 Last

Add LON (ASX) to my watchlist

LON - Chart, page-29

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Leo Lithium locks in US$116.3M with sale of Goulamina stake to Ganfeng