Concierge gives you timely BUY and SELL alerts on ASX-listed stocks
Upgrade your Membership
Save $$$
Leeuwin Metals falls on its ASX debut
Nick Sundich, March 30, 2023
Leeuwin Metals (ASX:LM1) became the ASX’s newest company this morning but it was not the best debut.
No time to do stock research, but you still want to invest?
Stocks Down Under Concierge gives you timely BUY and SELL alerts on ASX-listed stocks!
With price targets, buy ranges, stop loss levels and Sell alerts too.
GET A 3-MONTH FREE TRIAL TO CONCIERGE TODAY
Leeuwin Metals is the latest battery metals stock
Leeuwin Metals is a battery metals explorer that holds the William Lake Nickel Sulphide Project in Canada and the Jenpeg Lithium Project in Canada among others.
The former of these is the company’s flagship asset and lies in the Thompson Nickel Belt in Canada. This area has produced 2.5mt of nickel since the first discovery in 1956.
Leeuwin Metals is 9.97% owned by Glencore, one of the world’s most eminent mining companies.
The company came to the ASX to raise money to explore for critical metals.
A retreat on debut
Leeuwin Metals raised $8m at 25c per share, but shares retreated upon its ASX debut.
Leuuwin Metals (ASX:LM1) share price chart, log scale (Source: TradingView)
It is a difficult time to be a pre-revenue company on the ASX at the moment. But investors with a long-term view may see the current market conditions as a good buying opportunity.
After all, there aren’t too many other explorers partially owned by Glencore.
Stocks Down Under Concierge gives you timely BUY and SELL alerts on ASX-listed stocks!
With price targets, buy ranges, stop loss levels and Sell alerts too.
GET A 3-MONTH FREE TRIAL TO CONCIERGE TODAY
No credit card needed and the trial expires automatically.
Stocks Down Under
Average rating: 0 reviews
Blog Categories
Recent Posts
The Humm saga showed ASIC has significant powers
At the end of last month, ASIC dropped a bombshell on Humm (ASX:HUM) and its investors. For roughly 24 hours, the…
So you stock went into voluntary administration … Is it all over now or will you get any of your money back?
Voluntary administration – these are the two words that no investor wants to hear. What will happen next and will…
CET1 ratio: If you invest in banks, you need to know this
In this article we look at the Common Equity Tier 1 (CET1) ratio – what it is and why it…