Guado is the key for LRS , massive iron sands project close to a smelter who needs their product
A JV on Mariella is already in place that is just a sit and wait game , the Chinese JV partner Junefield has no shortage of coin , Junefield is LRS biggest shareholder with 20% + of the stock and is $ billion empire and Peruvian ore producer inits own right already .
A JV on Guado and or Illo is now a key performance requirement as LRS is short of cash and vulnerable to take over at these prices by Junefield
I agree if a JV can occur on 1 or both 100% owned projects this could bounce back to 20 plus very quickly .
I sense there is a few sellers around between 7 and 10 then clear sailing
might be heading up, page-2
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 (20min delay)
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Last
20.5¢ |
Change
-0.005(2.38%) |
Mkt cap ! $574.2M | |||
| Open | High | Low | Value | Volume |
| 21.5¢ | 21.8¢ | 20.5¢ | $3.085M | 14.65M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 480497 | 20.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 21.0¢ | 462250 | 5 |
View Market Depth
| Last trade - 16.10pm 08/10/2024 (20 minute delay) ? |
| LRS (ASX) Chart |