LRS 1.56% 16.3¢ latin resources limited

Ann: Presentation - Investor Roadshow London and New York, page-48

  1. 47 Posts.
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    We used to call them "school fees" elee! I've paid a lot over the years and what I've learnt that's relevant here is; don't expect the share price to rocket up on release of the drilling results. (Just as it didn't when the granting of the concessions was announced). It's The theory of Redundant Information. Meaning that once you know about it, everyone does and it's already been priced in.
    Millions of shares are changing hands every day as people jostle for position.
    It is "surprises" that move the share price. Everybody knows there's something in the ground, there's old mines there for goodness sake. So it will be surprising if they announce they've found nothing. That'll move the share price!
    Or if they find more than expected. But if they only find what everybody on here seems to be expecting then we'll just keep ticking along.
    Almost seems like some on here want to retire before Christmas! Things move slowly in mining. Especially exploration. That was another costly lesson learnt long ago.
    Be patient Dearies and let the boys do their work. Apologies for being a bit long winded. Better stay off the sherry.
 
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