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LetoMax

1,875 Posts.

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20/03/19

07:23

Post #: 37817831
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Originally posted by sivart: ↑

I saw the announcement as the oversubscribed placement (which had already been announced) was now having the additional shares issued. The expected resource upgrade is still looking like it’ll be before the end of the quarter (which is the best case other news has implied). And they are now going to report 3P vs 2P. So they see value in paying more money to tell the market about resources currently seen as having a 10% commercial viability at this stage. You could read all of that as confirming past guidance closer to the date, as more positive than previous reports, or more negative. Why the confidence in there being such good new news in there?

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Hi. Are you talking about the announcement China Energy becoming a 28% share holder?

LCK Price at posting: 25.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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