Ann: Trading Halt-LRS.AX, page-48

Exploration takes time, then further spend is naturally required to sure up the resource and bring the site closer toward eventuating production protocols.

Posted on our sister thread tonight that potential no longer cuts it in the Li sector - the market wants strong resource results with confirmed production / revenue forecasts. Time will tell, but I like the FA here. The days of strong daily SP runs seem long gone in the sector unless the Ann confirms positive assay results.

I do hope not to hear of an acquisition outside of what has already been announced tomorrow unless we are free carried through the deal - as it will either require further dilution through company share issue, another private raise (unlikely based on the fact we just completed a Soph placement) or coming to us shareholders to top up the coffers. I would much prefer the company to ride its current activities to completion and not stretch too thin.

We await the outcome of the nice little present you mention....