Ann: Application for quotation of securities - LRV, page-49

@HeliosUK
It’s logical they don’t raise the capex until post DFS assuming all things are normal

but anything can happen here

Ron’s been showing how LRV’s undervalued

they’re using the drilling to shake out the old and wrong perception of rvr’s collapse incorrectly associating to Hillgrove

once the market picks that up and the Canadians have imo, and indeed re-rate lrv closer to sxg which is back to their $600m then anything can happen

even at $1, lev would still be $300m cap

It also depends on investor appetite

if for example the sp rises to that on the back of drill results or otherwise, there is compelling reason to raise sooner.

Nearly everything’s laid out in the presos with no material change when DFS is finalised. It’s probably too soon to update the mre regardless. So they’ll release the DFS without an updated mre and manage the funding sooner or later accordingly m


Interesting few weeks ahead