LCL 0.00% 0.8¢ lcl resources limited

Ann: $10M raising for multi-rig drilling and to extinguish debt, page-180

  1. vmp
    13,276 Posts.
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    Lcl is fully funded in the next two years to explore quinchia
    If management shows financial acumen the market will believe this
    Start from showing 80% of the money will be spent on the ground
    Don’t inflate salaries and and certainly don’t start to line their pockets
    Buy a few on market to thicken their skin
    The above is all it takes. And The drills will keep delivering the goodies


    $12m after paying rmb
    $13.5m options conversion by aug 2021 expiry
    ——-
    $25m
 
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