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LMG - Latrobe Magnesium

JFK

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Noticed over the last 2 days LMG's buying depth has been growing, also IMP, they look good.
 
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Re: LMG, been looking at market depth , welling

I'd strongly advise that you take a look at what LMG does, then if you are still impressed with the stock please reply ;)
 
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Re: LMG, been looking at market depth , welling

Also the fact 80m shares were just issued @ 0.006 doesn't tell you something?

Its called false depth build up, intended to lure unsuspecting investors on to the depth queues and then whammoooo the 'Sophisticated Investor' Dumps his 80m shares (but not until amazingly all of the false buy orders are pulled off)

Same thing happens with MUL all the time, my advice better value at the TAB.
 
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A bit of interest in this one lately. Almost finished their bank feasibility study for their project. They are going to build a factory that will collect fly ash from coal power plants and extract the magnesium. Hopefully, when it is up and running, it will be able to produce 100,000 tonnes of magnesium a year. Essentially it is turning a waste product into a profitable resource.

They will hopefully begin construction of the production plant in 2007 with full production predicted by 2010.

Although a long term buy, at 1.7 cents per share (and a market cap of about 7 million) it seems ridiculously cheap at current prices. In a few years as we draw nearer to production I can see this stock climbing to a few dollars.

I have recently bought a punt amount for the long term.

Good luck to all LMG holders
 
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I understand that in the short term there will be volatility, but ultimately I intend to hold this stock long term. (ie-a few years).
 
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Imajica are you still on these? Been looking at penny shares of between 1 to 2 c and this one came up. Dont know what they do or if anything is about to happen but in the last couple of days they have gone up about 30% only to retrace.Any one have any more info or insight into them?
 
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Got impatient with these a while back - decided to follow INL at the moment as they will be producing cash flow as of this month.

LMG aim at recycling factory emissions and turning them into saleable magnesium units - will be at least 3 or 4 years before any money rolls in though - I just got impatient - should be a good long term hold
 
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Do you know if there is anything due in the near future re an announcement.As i said they have gone up in the last few days with heavy volume on one particular day and wondered if someone is buying in before an announcement
 
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Up again today,possible breakout.From looking at the company website last night i believe they have a BFS due sometime soon but cant find the link now.Anyone have any thoughts.I hold
 
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Should have added that volume so far today is 10million-not a lot in monetary terms but substantially higher for the last 6 days which have already been higher than usual.Anyone interested in this,YT any thoughts-I know you were not imressed last time you commented,any change now
 
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Found the missing link in page 12 of AGM mentions that the Bangemall exploration project should have application granted in the early New Year>Report says that this area has the prospect of Uranium(evryone sits up and takes notice!)and gold.Area selected because of regional mineralisation and previouse BHP work and also Abra Mining
 

Ang

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Well when every thing else was going down this closed unchanged today. I don't know if any one else uses Market Depth to measure if the stock is going up or down, however in the whole day today there were 8M more buyers than sellers. i wouldn't be surprised that this breaks tommorow. A break of 2.4 cents and i will be all over it. Any one else with info on this one??
Here is my view on this one any way.
kind regards
Ang
 

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Sean K

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Ang said:
Well when every thing else was going down this closed unchanged today. I don't know if any one else uses Market Depth to measure if the stock is going up or down, however in the whole day today there were 8M more buyers than sellers. i wouldn't be surprised that this breaks tommorow. A break of 2.4 cents and i will be all over it. Any one else with info on this one??
Here is my view on this one any way.
kind regards
Ang
Looks to be a potential breakout to me. Interesting.
 

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Ang

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Any one with any thoughts on a profit target on this one? I get 3.1 to 3.5 cents and possibly 4 cents.
Kind regards
Angelo
 

Joe Blow

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Ang said:
Any one with any thoughts on a profit target on this one? I get 3.1 to 3.5 cents and possibly 4 cents.

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