I dont quite understand this. 2 cents is about the price it was about a year ago before it drifted down because no one wanted to buy any of these teeny explorers....and now there's a little action back in the market, the miner wants to pay that crappy price of about a year ago?
If the 1.1 mill ounce project isnt worth much then why bother buying the company? If it IS worth it, then why isnt it reflected in the offer? The directors are happy to sell out...I havent checked but that might be because they got most of their shares for free...I'm just speculating and I might check that now..
LRC Price at posting:
$2.25 Sentiment: Hold Disclosure: Held
