LRS 2.17% 23.5¢ latin resources limited

Apologies in advance if I've not got the gist of your post, but...

  1. 144 Posts.
    Apologies in advance if I've not got the gist of your post, but I find it hard to believe you are really suggesting that cyclical price movements based on charts, has more to do with the SP dropping from + 2.0cents to 0.4 cents, than
    1.) Poor, or at best, only marginal, first up drill results
    2.) Not meeting expected timelines, which were unrealistic anyway.
    3.) Too much ambiguity & uncertainty as to which project will be the focus of LRS attention.
    4.) SH perceptions - rightly or wrongly - that management is placing it's own interest way before that of SH's.
    5.) Financing future operations & the imminent need to raise capital to fund multiple projects. Not to mention the potential for additional share dilution.
    My opinion only, but I would have thought the above are substantial enough reasons for selling.

    Just a few days ago, LRS was only 18.5% of its July 16 valuation.
    Think about that!
    If I had invested $100,000 in LRS, I would have had just $18,500 left after 11 months.
    It was seemingly only pumped up artificially for a few brief weeks to entice a few holders into converting options and raise some capital IMO. If so, this is pretty poor management at best, misleading and bordering on contempt would be more accurate IMO.

    There may well be a cycle occurring, being reflected in the charts, but (IMO) it has more to do with a cycle of disappointing management, which needs to improve dramatically!
    Holders need more than hope based on cyclical chart movements, they need results, a plan for finance, some focus, etc............
    I am curious to hear an argument that disputes the above as I am always keen to learn. Fire away.
    Last edited by dmdaly: 29/05/17
 
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Last trade - 16.10pm 03/05/2024 (20 minute delay) ?
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