The money (the $7m) should be in LML's coffers mid-week. Of course $5m or so has to go out to pay MEA, but regardless, it makes the company look a lot more solid financially. Add to this the future prospects (also solid) and things look great I think.
Sadly 55c has not, and will not set the benchmark price (due to dilution) and those that thought it would, may sell out in the short term. I certainly won't.
Regardless, the announcement was unequivocably good news, and assuming the IO price stays up, we're sweet.
So, we have more coin and better prospects.
I suspect we will not see the dramatic SP price spikes of last year, but a steady climb upwards to the 40s this year. Re-rating wouldn't hurt and won't be unexpected. I'm happy enough.
Cheers all.
The money (the $7m) should be in LML's coffers mid-week. Of...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.33M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $1.313K | 187.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 8181389 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 20288048 | 19 |
View Market Depth
| Last trade - 10.04am 15/11/2024 (20 minute delay) ? |
| LML (ASX) Chart |
