Highly overvalued, page-41

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22/04/17

17:32

Post #: 24212433
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Originally posted by Contactor1234 ↑

Geez mate a little desperate going through my posts to prove a point which is itself pointless...

"I topped another 5 million today. Lithium is proven at depth and I'm confident the mother load is there somewhere and we will find it".

I do not see the issue with the above post from my self? I mentioned multiple times I was a believer...i have actually been invested longer than most in this forum. My buy price was 0.008 and and 1.5 and I sold in about 5 parcels with an average sell price of 1.4....

Company had 1.18 billion shares when I entered with so many prospects. C.G was announcing back then that the mineral sands project was going to get sold...samples came back with 7.1% at catarmca. JV with copper miner and announcements about the 70000 hectares of tenements which were delayed by about 4 months...back then the excuse was government delays...though drilling was imminent and again over 2 months delays.

Again offcourse I was in it because it was a good punt...7.1% samples got excited.

Drilling results, again massive delays and dishonest announcements and dead lines
And a tell of a lot effort was put in to pump the stock to get the options over....bad unprofessional management.

Then a few drilling assays were released to pump the price...though the results were garbage and the thought that the one in charge of this company thought them results would pump the price again made me thing twice..i sold some of my holdings that same week but held on to my last parcel hoping that just maybe the next assays will yeild some better results, results were even worse that the latter so I sold the rest of my holdings. Any one who goes through my posts will notice my sentiment only kept changing because the fundamentals were falling apart.

Just over a year later...no news on mineral sands, no news on copper, 600 million shares added to the registory and a sheet load of incentive shares given to C.G for what exactly? I do not know.

LRS has a track record of throwing share holders wealth down the toilet and giving it to C.G.

Track record of pumping the price to get options over and failing.

Track record of claiming tenements but achieving nothing "cobalt now" next will be cannibas.

Track record of adding 600 million shares to the registory and achieving losses to share holders.

Track record of failing to meet dead lines every time with out fail.

Newbies be warned.

Expand

Not desperate at all. Just highlighting an inconsistency.

No issue with your decision to depart from Lrs. Your points are spot on. Most people would be in the red and most would be wishing they'd sold after the cobalt announcement. Me included.

I was questioning why you had so many shares in company involved in lithium exploration when you think the market will be flooded with supply in coming months and years.

LRS Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 19.5¢		Change 0.005(2.63%)		Mkt cap ! $545.8M

Open	High	Low	Value	Volume
19.0¢	20.0¢	18.5¢	$12.64M	64.93M

Buyers (Bids)

No.	Vol.	Price($)
22	3801553	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	4743191	49

View Market Depth

No.	Vol.	Price($)
22	3801553	0.190
27	5058663	0.185
27	3943925	0.180
25	4321968	0.175
18	2551008	0.170

Price($)	Vol.	No.
0.200	4575445	46
0.205	3090735	29
0.210	1416333	24
0.215	1702664	9
0.220	2403858	20

Last trade - 16.10pm 21/08/2024 (20 minute delay)

LRS (ASX) Chart

Highly overvalued, page-41

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Highly overvalued, page-41

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