Short Term Trading Week Starting: 08 Nov, page-115

Tomorrow LTR announce the long awaited DFS. Dave Richards left LTR and took on the new position at MI6, an off shoot. They had pegged the ground in the area before anyone else, did a few drill holes, were impressed, couldn't devout the time and resources to it and LTR. So a new company was formed. As shareholders we got pro rata shares in the new entity and they listed at 50c. Since listing the price has fallen slightly, with the bots very active every day. They raised $30mil , over subscribed, could have raised double. They stated the reason for the sustantial raising was so that they had sufficient for drilling etc and not have the need to go back to the market for more funds. The drilling has already started. A few very nervous months coming up for me. You can do all the research you like, but at the end of the day its the management and drill results which dictate the future.