LRV 10.5% 52.5¢ larvotto resources limited

$100 million MC on its way, page-1125

  1. 1,445 Posts.
    lightbulb Created with Sketch. 568
    I think people need to understand how micro cap stocks work.
    It runs hard on consistent news, until it becomes de-risked that there is a legitimate prospect.

    Right now, we have no confirmed any of them. All projects, either don't have results or have a *next to the result.
    This means the risk is still exceptional high. Everyone that jumped on after the REE results, were expecting Isa, NZ and further Eyre results in a small period of time, which hasn't materialised.

    People need to remember that this stock was IPO'd on Ni, Cu, Li and Au. Not REE, right now we have no results on any of them.
    Until this proves actual worth in any of its projects. We are going to slowly sell off once the hype ends.

    This is not a pump and dump stock, but it is heavily susceptible to volatility when expectations on news gets missed.
    The reality of the stock, black and white. This will rocket on good news and capitulate on any poor results and it will be a long period between drill results.

    Last edited by ForeverNewbie: 16/05/23
 
watchlist Created with Sketch. Add LRV (ASX) to my watchlist
(20min delay)
Last
52.5¢
Change
0.050(10.5%)
Mkt cap ! $166.3M
Open High Low Value Volume
48.0¢ 54.0¢ 48.0¢ $1.418M 2.742M

Buyers (Bids)

No. Vol. Price($)
5 92280 52.5¢
 

Sellers (Offers)

Price($) Vol. No.
53.5¢ 2116 2
View Market Depth
Last trade - 13.16pm 18/11/2024 (20 minute delay) ?
LRV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.