LRV larvotto resources limited

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64.5¢

Ann: Hillgrove Long Lead Equipment and Project Update, page-51

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Evergrayeful

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17/04/25

09:49

Post #: 78724809
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Originally posted by PutSauce: ↑

All well and good to look at it that way, but these are the same people who were not "fighting" to get their hands on shares when it dipped to 58.5c the other week. Instead, some "bullish' posters here came out full force stating it was time to move on from management, all because of market swings unrelated to the company. Some people can't be pleased, and should not hold shares in speculative companies if their emotions are not in check.

I agree with Jalv on this one. A slower ramp up, in favour of less dilution is the most prudent course of action.

Although I am always upbeat in my posts here, I am always cautious of any management team. I have already voted (400k votes) against the resolutions 3 through to 10 due to the low bar placed on performance incentives and unacceptable termination clauses. Management deserves to be rewarded for some of their great decision making, but isn't entitled to a free lunch. Their salaries are already at multiples of a comparable ASX company. I would not be adverse to voting for a very healthy bonus for management after they have demonstrated that timelines have been met and mining is in line with guidance. Having said that, if any amendments are made prior to the AGM, my vote will change.

I do not want to contribute to talk regarding whether the resolutions are indicative of a T/O preparation. However, TOR did a similar thing with termination benefits last year for their MD. Shortly after, they announced a merger of equals with ASO. It may not be as sinister in our case, but optically, it is not the best look. I will be watching developments very closely, as many others will be here too.

Good luck to all.
PS

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Well said - again Ron has done a sterling job.

These CEO jobs are thankless jobs and retail investors will continue to whinge

By debt or equity, I will support brining Hillgrove to production next year. IMHO equity will be faster than debt.

I work with a pvt company that just raised $300m and boy it was painful and took almost a 9 months!

So these are the challenges management is facing - it is easy for us to criticise but actually raising money is a long process - making a few lawyers rich along the way

Last edited by Evergrayeful: 17/04/25

LRV Price at posting: 90.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 64.5¢		Change -0.035(5.15%)		Mkt cap ! $265.9M

Open	High	Low	Value	Volume
68.0¢	70.3¢	64.0¢	$2.904M	4.309M

Buyers (Bids)

No.	Vol.	Price($)
5	80393	64.0¢

Sellers (Offers)

Price($)	Vol.	No.
64.5¢	48449	1

View Market Depth

No.	Vol.	Price($)
5	80393	0.640
1	34000	0.635
1	4800	0.625
3	23208	0.620
2	48500	0.615

Price($)	Vol.	No.
0.645	48449	1
0.655	50000	1
0.660	8396	1
0.665	60000	2
0.670	40171	4

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Ann: Hillgrove Long Lead Equipment and Project Update, page-51

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Ann: Hillgrove Long Lead Equipment and Project Update, page-51

Top Stories

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Buyers (Bids)

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