LMG - Latrobe Magnesium

[Ang]

Angelo, can you explain how you arrived at your valuation.

The attached Graph say's it all. I picked this up as two trading paterns Acsending triangle and Soucer break out. The botom of the triangle shows a low of .007 with the top of the triangle showing the 2.4 cent break out. The simple mathermatics is the depth of the bottom of the triangle and the top = 4.1 cents. It can also be said that the average price has been 1.6 cents so the lower target is the depth of 1.6 cents and 2.4 cents = which gives 3.2 cents. I always go below the target by 1 or 2 points. The 3.5 cents is my initial target between my low profit target of 3.1 cents and 4 cents.

Joe I hope you didn't think I was Ramping???????

Over to you know what do you think of my targets, are yours simmilar to mine??

Regards
Angelo

 

[Ang]

A larger graph

 

[krisbarry]

I expect this to run hard today, with a Uranium Lincence Grant announcement after the close of market yesterday.

 

[wotthe]

I expect this to run hard today, with a Uranium Lincence Grant announcement after the close of market yesterday.

still waiting ...

 

[petee]

I read here and particularly hotcopper in amazement???they all think it would run hard today???why???its in its infant stage of Uranium leases..there are a dozen or so U companies that have been granted leases and havent run yet....and i may add far better companies than LMG....i think it will come back b4 it runs anywhere..DYOR

 

[wotthe]

....and i may add far better companies than LMG....

What is it you don't like about LMG? It seems to be on to a good thing with the flyash ... the uranium side is a bit of a bonus

 

[petee]

What is it you don't like about LMG? It seems to be on to a good thing with the flyash ... the uranium side is a bit of a bonus

i dont like the management and the large amount of shares on issue..also like i said there r far better U plays on the market..this is my opinion only and id expect a retrace back to under 2...DYOR

 

[Ang]

i dont like the management and the large amount of shares on issue..also like i said there r far better U plays on the market..this is my opinion only and id expect a retrace back to under 2...DYOR

Forget the Uranium, the Ash deal is far better and there may be better uranium stocks out there, however not one like this that has the chart heading in the right direction. Forget the fundimentals, aren't we chart specialists and this should close in the 3 cent range today.
regards
Ang

 

[Ang]

Interesting to see a lot of stocks this afternoon not wanting to close on the high. Lucky I got half out of this stock this morning, however with 95M shares traded and trend channel deviation up today I think there still should be some more in this one next week.
Kind regards
Angelo

 

[DionM]

It looked like it was going to run early on, then petered out.

Interesting.

 

[Ang]

Interesting to see a lot of stocks this afternoon not wanting to close on the high. Lucky I got half out of this stock this morning, however with 95M shares traded and trend channel deviation up today I think there still should be some more in this one next week.
Kind regards
Angelo

Any one still holding this one?
regards
Ang

 

[Ang]

i dont like the management and the large amount of shares on issue..also like i said there r far better U plays on the market..this is my opinion only and id expect a retrace back to under 2...DYOR

What do you mean by the large amount of shares on issue, my records show 530M, I concider over 1billion as too risky. The management has just restructured and they have a new MD who specialises in the resouce sector.
Kind regards
Ang

 

[Sean K]

they have a new MD who specialises in the resouce sector.
Kind regards
Ang

LOL. This is a resource company right? LMFAO! Good luck!

 

[wotthe]

Does anyone have a prediction on where LMG will head this week?

 

[Sean K]

Does anyone have a prediction on where LMG will head this week?

Wotthet, this type of request is fraught with potential for two things: an utter ramp, or downramp. How can anyone possibly know where this is going to be by the end of the week? Please stick to fundamental or technical analysis here, not tarot card reading. Cheers.

 

[wotthe]

Wotthet, this type of request is fraught with potential for two things: an utter ramp, or downramp. How can anyone possibly know where this is going to be by the end of the week? Please stick to fundamental or technical analysis here, not tarot card reading. Cheers.

I thought you guys with the magic charts were good at this stuff ... why so tense?

 

[Sean K]

I thought you guys with the magic charts were good at this stuff ... why so tense?

Roger, I see your point. Please understand that time frames and price predictions are not something taken lightly here. Asking for both, is asking to see next weeks lotto numbers.

 

[wotthe]

Roger, I see your point. Please understand that time frames and price predictions are not something taken lightly here. Asking for both, is asking to see next weeks lotto numbers.

Fair enough ... lotto numbers were my next request ...

Guess we'll just have to wait and see ..

 

[DionM]

Roger, I see your point. Please understand that time frames and price predictions are not something taken lightly here. Asking for both, is asking to see next weeks lotto numbers.

Man, you guys have them as well?

 

[Sean K]

Man, you guys have them as well?

I can only give them out via PM though, so let me know which dates you're after and I'll send them through.