Short Term Trading Week Starting: 20 Nov, page-20

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    STTCOMPLRV FA LONG

    A lot to likeabout this little sleeper.

    • LRV (Larvotto Resources) - MC $10M – Current price $0.15
    • Has just approved the acquisition of the Hillgrove gold-antimony mine. Operational processing plant & infrastructure (Currently on care & maintenance)
    • Australia’s largest antimony deposit.
    • The proposed acquisition consists of a high-grade JORC 1.4Moz AuEq1 @ 6.1g/t Au Eq Resource for a purchase price of <$6/oz (a significant discount to comparative transactions)><$6/oz! (you will struggle to find a Co with this resource, operating mine and a MC of ~18M post raise)
    • The Co raised capital at 7c p/s to accelerate the acquisition, before the mine was taken off life support.
      • Ex date to receive 1 to 2 shares at 7c is Thursday 23rd
      • Expecting high volume leading into the Ex-date.

    https://hotcopper.com.au/data/attachments/5751/5751556-176ef55b4aeec0d4eba08644ec03a244.jpg

    • Also expecting results from Mt Isa (Copper) and NZ gold, expected post 23rd.

    https://hotcopper.com.au/data/attachments/5751/5751558-b49203056e27a7e6bae9657c190802ac.jpg

    • Eyre Rare Earths, Lithium & Multi-metals, WA

    https://hotcopper.com.au/data/attachments/5751/5751561-00016259cb9322aab9e8f287051fa55c.jpg

 
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