LRS 5.56% 17.0¢ latin resources limited

Ann: Latin completes A$35M Capital Raising, page-24

  1. 9,490 Posts.
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    Nothing is ever a certainty (as we found out with the east tenement).

    in relation to the land strategy comment from the CR, I am thinking that mgt must not be interested in buying out lithium ionic (it would likely take much more than $35m to take that tenement from them).

    However the quantum of the CR (much of which will be expended on drilling, studies and working capital) is about the amount which I’m assuming may cover the cost of taking 830659/2018, because:

    - All available docos online seems to indicate Slipstream is in administration
    - Suggestions they’ve annoyed the wrong ppl at the governmental level
    - Depending on who the vendor is (if we want the tenement, it might cost a few mil, given the tenement is abnormally large and is of strategic importance to us (it joins Fogs to Fogs East and it joins both these two back to Colina a few kilometres away in the north.

    But again, trying to guess tenement transactions accurately is almost an impossibility.


 
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