LMG - Latrobe Magnesium
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Looking good this morning hit the 3.2 cent mark, with strong on balance volume still with more sellers than buyers. Will be interesting in the close today if it can break the 3.2 cents. This will then make it for an interesting open tomorrow.
kind regards
ang
kind regards
ang
Anyone get on the break of this one today, no announcement and all the trade was done at closing. I had two patterns on this one a break of an ascending triangle a couple of months ago and now a break of the darvas box of 3.2 cents. These guys are into Gold and Uranium exploration, I wouldn't be surprised that there is some sort of announcement regarding Uranium. Any one got any ideas? My target is 4.4 cents based on boxes depth. Any other thoughts?
kind regards
ang
kind regards
ang
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Does anyone know what's happening with LMG's core business, which is the fly-ash/magnesium operation?
Seemed to me the last ann suggested the feasibility study had been postponed due to the current status of the magnesium market. (I hope I read it wrong ..)
If that's the case, where to from here?
Seemed to me the last ann suggested the feasibility study had been postponed due to the current status of the magnesium market. (I hope I read it wrong ..)
If that's the case, where to from here?
If you a technical trader you should already be out if your a fundmental trader you should be already out, if you are gambler or live in hope trader hang in there. LOL
.
Like I said I was out of this, graph looking sick for me. However you need to make your own call on this one.
kind reg
ang
.Like I said I was out of this, graph looking sick for me. However you need to make your own call on this one.
kind reg
ang
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Hey guys,
This spec dog may be worth a look, then again it may not, depends on your risk profile
Company appears to be a high risk spec play which could turn out to also be a multi bagger if they can get the project going
It seems they have been bogged down doing nothing for ages with their Magnesium project and I'm guessing alot of that was to do with the fact that with depressed magnesium prices their operation was marginal at best
Anyhoo it appears that rising magnesium prices have now made thier project viable
Key Risks
1. Funding company appears broke
2. Cap Ex = $25m for project
Key Rewards
1. NPV of the project is 4c - 16c
2. Spot price of Magnesium has really rallied last few months
3. Possible CHinese offtake/funding
DYOR guys, I've grabbed a few and tucked them away in case they ever do pull this off
Not much else to say, did I mention its risky?:
This spec dog may be worth a look, then again it may not, depends on your risk profile
Company appears to be a high risk spec play which could turn out to also be a multi bagger if they can get the project going
It seems they have been bogged down doing nothing for ages with their Magnesium project and I'm guessing alot of that was to do with the fact that with depressed magnesium prices their operation was marginal at best
Anyhoo it appears that rising magnesium prices have now made thier project viable
Key Risks
1. Funding company appears broke
2. Cap Ex = $25m for project
Key Rewards
1. NPV of the project is 4c - 16c
2. Spot price of Magnesium has really rallied last few months
3. Possible CHinese offtake/funding
DYOR guys, I've grabbed a few and tucked them away in case they ever do pull this off
Not much else to say, did I mention its risky?
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Looked at them a few times myself YT as a multi bagger,but i just cant see it for now,got about $560,000 cash with 530m shares,gunna ned to get some more coin soon i reckon,for me they need to hit 2.5c to really have a chance...tb as you did say high risk spec...
as you did say high risk spec...
prawn_86
Mod: Call me Dendrobranchiata
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Have they built their plant? or will it be 12 months from now before they start producing?
What happens if the price drops back to uneconomical when they are half way through building their plant?
Im at work so cant do any research.
thanks guys
What happens if the price drops back to uneconomical when they are half way through building their plant?
Im at work so cant do any research.
thanks guys
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Hey Prawn,
To start with I have to emphasie this company is what it is, a spec company that offers real high potential returns but carries with it high levels of risk, for me its definately one to have a few $ in and bottom draw to see if they pull the project off
Re the actual project, lol your joking right? They're nowhere near production and it will take 12months to build the plant,
Re pricing, if you take an avg price from 2004-2007 you could say Magnesium has avg'd $1.30/lb which is what the company predicts its costs are, so worst case it looks like a break even operation to me, but best case high Magnesium prices of $2.50+ stay and the projects NPV of 16c a share flows through
Like I said it is what it is
p.s. ANyone know much about the Magnesium mkt, or the commodity as a metal, ie how is it traded/priced, long term + spot or just spot, who are the major players etc etc
Cheers
To start with I have to emphasie this company is what it is, a spec company that offers real high potential returns but carries with it high levels of risk, for me its definately one to have a few $ in and bottom draw to see if they pull the project off
Re the actual project, lol your joking right? They're nowhere near production and it will take 12months to build the plant,
Re pricing, if you take an avg price from 2004-2007 you could say Magnesium has avg'd $1.30/lb which is what the company predicts its costs are, so worst case it looks like a break even operation to me, but best case high Magnesium prices of $2.50+ stay and the projects NPV of 16c a share flows through
Like I said it is what it is
p.s. ANyone know much about the Magnesium mkt, or the commodity as a metal, ie how is it traded/priced, long term + spot or just spot, who are the major players etc etc
Cheers
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Hey ans25, didn't know you were on this
I bought originally for the unbelievable NPV's being given by the company
ie 4c-16c was 400% to 1600% upside
As I said it was a very high risk play but also very high returns
Todays update re lab testing is good as it shows they are progessing well
Step by step
I bought originally for the unbelievable NPV's being given by the company
ie 4c-16c was 400% to 1600% upside
As I said it was a very high risk play but also very high returns
Todays update re lab testing is good as it shows they are progessing well
Step by step
Hey guys,
This spec dog may be worth a look, then again it may not, depends on your risk profile
Company appears to be a high risk spec play which could turn out to also be a multi bagger if they can get the project going
It seems they have been bogged down doing nothing for ages with their Magnesium project and I'm guessing alot of that was to do with the fact that with depressed magnesium prices their operation was marginal at best
Anyhoo it appears that rising magnesium prices have now made thier project viable
Key Risks
1. Funding company appears broke
2. Cap Ex = $25m for project
Key Rewards
1. NPV of the project is 4c - 16c
2. Spot price of Magnesium has really rallied last few months
3. Possible CHinese offtake/funding
DYOR guys, I've grabbed a few and tucked them away in case they ever do pull this off
Not much else to say, did I mention its risky?
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Gee yt you know i love a punt ol mate & this one is a potential big bagger BUT if the plant is going to take 12 months to build,considering most people bail out if they have to wait 6 months for drilling to be finished,i can see a retrace to the low tens again,i wanted to see 2.5c first before i make up my mind.
However thats the risk/reward factor it could go crash bang wallop or hover around til the plant gets going...speaking of baggers...20/1 is the draw in the soo tonight...now thats a good punt!
Dont worry yt ive had this in my watchlist for about 8 months,potential is plenty,but at the moment i think it may be a little early..we will see.tb
However thats the risk/reward factor it could go crash bang wallop or hover around til the plant gets going...speaking of baggers...20/1 is the draw in the soo tonight...now thats a good punt!
Dont worry yt ive had this in my watchlist for about 8 months,potential is plenty,but at the moment i think it may be a little early..we will see.tb
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Hey Tigerboi,
As I have siad from the start very high risk, but also very high potential rewards,
I had to re-read todays ann to make sure I didn't miss anything in it as the buying response really took me by surprise,
I mean the stock is now up 70% from a few days back
I've taken some profits at 1.9c to reduce the risk,
apart from today ann which was positive I can't see the reason for this sudden surge
As I have siad from the start very high risk, but also very high potential rewards,
I had to re-read todays ann to make sure I didn't miss anything in it as the buying response really took me by surprise,
I mean the stock is now up 70% from a few days back
I've taken some profits at 1.9c to reduce the risk,
apart from today ann which was positive I can't see the reason for this sudden surge
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Hey Tigerboi,
As I have siad from the start very high risk, but also very high potential rewards,
I had to re-read todays ann to make sure I didn't miss anything in it as the buying response really took me by surprise,
I mean the stock is now up 70% from a few days back
I've taken some profits at 1.9c to reduce the risk,
apart from today ann which was positive I can't see the reason for this sudden surge
yep i understand it well,go for it mate..nothing wrong with taking some profit...tb
..i wanna see it at 2.5c first..
