LRV 10.0% 13.5¢ larvotto resources limited

Ann: Voluntary Suspension Extension, page-12

  1. 1,064 Posts.
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    Hopefully LRV can follow BEZ placement in todays announcement.

    BEZ raised $1,000,000 at a price of 0.09 cents when the last closing price was at 0.032 cents. Almost 300% premium, now you gotta love that. Normally, you get a share price pump first then a CR is done at a massive discount. Yet not this one.

    I'm hoping for a premium for the interested overseas investor (a reasonable premium) assuming that LRV was tapped on the shoulder and the new investor want to buy a chunk of the project. Its almost like someone wanting to take over some of your business rather than LRV asking for money to go forward.

    I see the ongoing negotiations as positive given the low market cap and LRV still having cash of around 3 million. Lets hope so, its probably about time LRV start to really rise.
 
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