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LRS General Discussion, page-623

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Blackheart

1,538 Posts.

185

26/04/21

08:32

Post #: 52713620
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Originally posted by dawgfather: ↑

IMO it wasn't the announcements that triggered any of the sell down, it was the fact we were over bought when we got to 9 & 10 cents (considering the limited progression we had at that point - no JORC, no customer off takes etc). We then got punished as the push had been lead by retail investors who were more than willing to sell out when the going got a little tough.

In our favour now is the fact that the weak hands sold out on the way down and the only people left seem to be long term holders with a buy in somewhere up to an average of 6 cents. IMO these people are waiting for JORC, feasibility and customer off takes before deciding what to do next.

If a lithium announcement comes along (on top of good progress at Noomb), then I think we could quite easily see 20 cents (but any lithium announcement is a massive unknown in terms of timing and or quantum/quality).

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Yes mate, finally you're on board.
I've been saying for weeks we need offtake updates and Lithium news.
I don't agree the price dropped because of "weak hands". It dropped because there is no clear vision of what they they're going to do with the product.
JORC associated with offtake news will see it fly!

LRS Price at posting: 4.7¢ Sentiment: Hold Disclosure: Held
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Last 17.0¢		Change 0.000(0.00%)		Mkt cap ! $461.9M

Open	High	Low	Value	Volume
17.0¢	17.5¢	16.0¢	$900.6K	5.413M

Buyers (Bids)

No.	Vol.	Price($)
23	854789	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	1551055	41

View Market Depth

No.	Vol.	Price($)
22	816009	0.165
48	2337966	0.160
40	2921882	0.155
60	3176453	0.150
22	1652322	0.145

Price($)	Vol.	No.
0.170	1554746	40
0.175	2012979	29
0.180	2105730	23
0.185	1077723	21
0.190	322182	11

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LRS (ASX) Chart