Ann: Share Placement , page-5

The stock has been 26c-31c for a few months , the last major sale was Junefield buying a large line at 28c through the market to take ther holding to about 18% .

For LRS to raise $2m out of the blue at 28 , and in this depreseed market , before the scoping study , is very positive , and shows people with deep pockets like the story .

If anyone wanted to buy even $200,000 on market the stock would be over 40c , so in my opinion that is the reason for the enthusaism , or "pop " statement .

The research note out this week with 53c current value was positive .

Looking forward to the scoping study because from a non mining persons point of view it all sounds great but it is hard to understand just what 2b tonnes at xx % of magnetite , gold, adrusalite , actually equates to in future earnings .

Even more posiitve is someone is buying up all the opps .