Graham and CO
The agreement by the largest LRS shareholder Junefield to convert $1.5 million of debt in to shares at 2 cents is very positive deal for them , and also for us loyal LRS shareholders .
The company obviously has quality assets in Peru but is totally on the nose ,with its share price less than 1 cent
To get rid of $2.5 m debt , $500k now, $1.5 million at 2 cents per share and then $500k unsecured on a deferred basis for 18 months is a terrific result for all parties .
Junefield deserve to take what is really cheap stock at 2 cents based on their long term support of the company
Now all they need to do is get a deal done on Illo Sur, Illo Este , JV Illo Norte or find a JV partner on Guado and the 2 cents premium they are accepting now for the debt repayment will be rewarded in my opinion
Will be a buyer again in the morning
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- That is a very good deal for shareholders
That is a very good deal for shareholders
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Last
21.5¢ |
Change
0.005(2.38%) |
Mkt cap ! $602.3M |
Open | High | Low | Value | Volume |
21.5¢ | 21.8¢ | 21.3¢ | $774.6K | 3.602M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
11 | 1160907 | 21.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
22.0¢ | 3815327 | 36 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 479402 | 0.215 |
19 | 2808428 | 0.210 |
12 | 2964475 | 0.205 |
17 | 4872157 | 0.200 |
12 | 1853384 | 0.195 |
Price($) | Vol. | No. |
---|---|---|
0.220 | 4177139 | 61 |
0.225 | 3706551 | 21 |
0.230 | 2440175 | 20 |
0.235 | 2367838 | 22 |
0.240 | 1444597 | 18 |
Last trade - 10.46am 08/10/2024 (20 minute delay) ? |
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