LRS 2.50% 19.5¢ latin resources limited

LRS chart, page-2908

  1. 9,725 Posts.
    lightbulb Created with Sketch. 5166
    Used the term CR loosely. Better term would be ‘capital requirements’ - which don’t have to be fulfilled through dilutiion of retail holdings, necessarily.

    I agree capital is not needed near term however there are some aspects of the operation which will chew through cash at a reasonable rate over the coming 4-5 months.

    Funding our $3m (over 3 years) Halloysite R&D project
    Cloud 9 PFS and continued drills
    Brazil expanded drilling program

    Personally I’ve never taken the view that what I post on HC affects the LRS SP in any meaningful way. That’s pretty clear given I’ve been one of the most optimistic LRS posters on this sub forum for ~12 months now but for most of that time the SP was working inversely to my sentiment

    No biggy when the company decides to raise funds - LRS is a long hold IMO, particularly when you consider we haven’t even shown the market what is under the hood on our second Lithium prospect in Catamarca Argentina (ETA this month for commencement) as well as our copper deposit MT03 in Peru which potentially holds a significant copper porphyry structure.

 
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Last
19.5¢
Change
-0.005(2.50%)
Mkt cap ! $545.8M
Open High Low Value Volume
19.5¢ 20.0¢ 19.0¢ $3.350M 17.25M

Buyers (Bids)

No. Vol. Price($)
22 2489697 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 91622 2
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Last trade - 16.10pm 02/09/2024 (20 minute delay) ?
LRS (ASX) Chart
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