Nothing has changed with LRS except the share price 40 cents down to under 3 cents
I remember all the cries of disbelief when LRS raised money at 3.8 cents when the stock was 6 cents and how cheap it was done at
Well you can buy a lot of shares now under 3.8 if you really wanted to
The good news is
LRS still have Guada , 10-15 Illo leases , a Brazilian lease and has had some promising drilling of Estes and Norte
The JV partner on Este is a subsidiary of a massive producer , and can fund or buy all of LRS projects in a heart beat
Take a read of the Southern Copper annual report and reference to Illo , and you can see they rate the area highly
In my view all is not lost at LRS , the price is terrible , but a market cap now of $8 million must be getting attractive to a larger player just to launch and take all of lrs hard work over the last 5 years for a steal
Shame really but there appears no market support and this is a real scenario
In the forum i suspect if an offer of say 7.5 cents was made ( 3 times the current price ) someone might get a controlling stake
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Last
13.0¢ |
Change
0.005(4.00%) |
Mkt cap ! $363.9M |
Open | High | Low | Value | Volume |
13.0¢ | 13.5¢ | 12.5¢ | $755.8K | 5.910M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 378977 | 12.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
13.0¢ | 109597 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 347000 | 0.125 |
24 | 988908 | 0.120 |
14 | 913743 | 0.115 |
18 | 1507636 | 0.110 |
5 | 1128753 | 0.105 |
Price($) | Vol. | No. |
---|---|---|
0.130 | 109597 | 4 |
0.135 | 571962 | 9 |
0.140 | 1342329 | 13 |
0.145 | 537100 | 13 |
0.150 | 612368 | 13 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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LRS (ASX) Chart |