LSA 2.08% 11.8¢ lachlan star limited

articles of interest, page-17

  1. 1,136 Posts.
    Yeah 40% I spose its not bad considering the announcement came out amidst an avalanche of positive ps quarterly announcements. I'd hope that most of the buying has to do with existing holders averaging down that way recent purchases will be held allowing the sp some room to move...All the sales up there now appear to be profits from the down side... I like the price increments at the moment and overall it doesn't appear that people are panicking to take their money out of the market. Sooner rather than later I expect lsa sp to reach a level and settle around .025 - .035 based on potential spec averaging and overal market recovery and notwithstanding any spike events... ie if luiri dig up a couple of truck sized nuggets or something..
    When the alexander issues get resolved its a no brainer to see that the lsa stock will increase substantially in value but when? is the big question.
    My 2c opinion would be to "Get in cheap now for a long term spec..."

    Ace its a long time to hold stock in a small company. Have you pulled any profits yet. I don't know much about the share conversion from the toodyay TDR to lsa deal are you still in profit at the current share price?.
 
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