LGL
Click for more information
0.86% $1.74 lynch group holdings limited

This takeover by NCM could get really interesting now.Any large...

  1. Bolivia
    205 Posts.
    lightbulb Created with Sketch. 1
    clock Created with Sketch.
    03/05/10
    10:43
    Post #: 6644848
    This takeover by NCM could get really interesting now.

    Any large profitable mines on mainland Australia will be subject to this "resource tax". Not mines off shore.

    Does that now make Lihir an even juicier target for NCM. taking some of its revenue off shore?

    LGL would probably be trading close to 3.50 without a bid on the table ATM. Price of gold 1180, heightened soverign debt risk, and now LGL to be taxed less than NCM.

    Certainly makes LGL more favourable now. IMO
    LGL Price at posting: $3.69 Sentiment: None Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 
watchlist Created with Sketch. Add LGL (ASX) to my watchlist
(20min delay)
Last
$1.74 		Change
-0.015(0.86%) 		Mkt cap ! $172.7M
Open High Low Value Volume
$1.77 $1.77 $1.74 $12 7

Buyers (Bids)

No. Vol. Price($)
1 1000 $1.72
 

Sellers (Offers)

Price($) Vol. No.
$1.75 336 1
Last trade - 16.10pm 15/11/2024 (20 minute delay) ?
LGL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.