LGL
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0.86% $1.74 lynch group holdings limited

Considering that with gold at 1070 when offer announced at...

  1. goldmick
    524 Posts.
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    12/05/10
    15:01
    Post #: 6687079
    Considering that with gold at 1070 when offer announced at Easter time LGL jumped t0 $4.07 - we wre now trading at $4.07 with the gold price some $160 an ounce higher.

    LGL remains considerably undervalued and underbought relative to the gold price.

    i wouldn't be surprised if Anglo or Barrick is lining up a bid in the $4.30 - $4.50 range considering the strength in gold and LGL's assets largely not being subject to the miners tax issue - at $1500 gold a takeout in the $4.30 - $4.50 range would be an absolute steal...

    LGL Price at posting: $4.07 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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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
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