LRL 0.00% 2.5¢ labyrinth resources limited

now suspended

  1. 5,219 Posts.
    lightbulb Created with Sketch. 721
    For this to happen we can expect something large,probably needing shareholder approval (Directors were in London last week probably seeing large International trusts to obtain their support)..

    MLI is to become a MAJOR player associated with some majors to clean up many of the dumps in SA.....I suspect we will see a increase in reserves and more importantly grade....yearly production of 200K oz clearly on the cards....

    Lifting of suspension make take a few days depending the complexity of documentation required....meanwhile that pipeline is being reinstated and gold production ongoing.

    I suspect a reopen well above 25c and well supported by the overseas players MLI has now completly transformed itself....
 
watchlist Created with Sketch. Add LRL (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.