Haha, not sure they ran that response by any lawyers.
Response leaves it open to the implication / inference that drilling results have leaked.
As @jimmyjazz87 said, would have been a good opportunity for the company to highlight its past results.
And, in all fairness, a very reasonable and plausible explaination for the price is that the market had, to date, under valued the commpany especially based on its drilling results. Further, given that drilling had re-commenced, results would soon be flowing and the market is anticipating further solid results and positive announcements. Ergo, the market is correcting itself in terms of valuing the company, that is, at the very least, the market cap is starting to align more with the company's internal valuation of its tenements based on its tenements and exisitng drilling results.
Fan of the company, but the response gives me pause for concern that the management may not be adept enough to take the company to its fullest potential. Obviously great explorers / geos, not sure commercial and legal acumen and / or experience is quite there though.
If the company does half as well as we would all expect (hope?) I would like to see the company bring on some commercial / legal blood to ensure that its future is a little more secure, and it can maximise its growth along the way. That's currently my only 'concern'.
- Forums
- ASX - By Stock
- Ann: Response to ASX Price Query
Haha, not sure they ran that response by any lawyers. Response...
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ILT (ASX) to my watchlist
(20min delay)
|
|||||
Last
30.0¢ |
Change
-0.010(3.23%) |
Mkt cap ! $10.20M |
Open | High | Low | Value | Volume |
30.0¢ | 30.0¢ | 29.0¢ | $22.28K | 75.17K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 78511 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
33.0¢ | 9000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 78511 | 0.300 |
1 | 23536 | 0.290 |
1 | 25000 | 0.285 |
2 | 53574 | 0.280 |
1 | 719 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.330 | 9000 | 1 |
0.345 | 8600 | 1 |
0.350 | 15000 | 2 |
0.380 | 10000 | 1 |
0.395 | 11336 | 2 |
Last trade - 14.34pm 05/06/2024 (20 minute delay) ? |
|
|||||
Last
30.0¢ |
  |
Change
-0.010 ( 4.76 %) |
|||
Open | High | Low | Volume | ||
30.0¢ | 30.0¢ | 29.0¢ | 17625 | ||
Last updated 14.34pm 05/06/2024 ? |
Featured News
ILT (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non-Executive Director
Simon Kidston
Non-Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online