Ann: Lady Grey Lithium Project Site Visit, page-55

First 55 Last

Share
Profile

Follow
Ragshak

2,965 Posts.

497

21/12/23

13:36

Post #: 71569774
Share

Originally posted by sharebroker1: ↑

backslapping each other alright that we can both agree, getting a whooping 667million shares at 0.003.

My question is, if it's so good, why did directors offer a whopping 667million shares to "sophisticated investors" at 0.003cents causing huge dilution for existing shareholders and raising minimal cash at that low level with the large issue?

Don't tell me because the sophisticated investors didn't want to pay more than 0.003cents? Is that possible?

Ok, so now LNR have well over 2 BILLION shares on issue and not a lot of cash from that big cash raise?

So ok I'll leave it at that , I don't know why they issued the sophisticated investors such a large amount of shares at 0.003cents, probably noone does here also.

They had $5million after the other CR at 1.4 cents and most of that went on drilling SA Murraydiam and WA and not the best results there

Sure exploration is a tough game, we all know that, hopefully success comes after a long hard road, but I personally see a further CR and consolation of capital in my humble opinion, not negative,just what I possibly see coming .

But as you say we are adults and can manage our own risks etc as this is exploration.

Good luck to the board and shareholders new and old.

cheers

Expand

You'll be back when the price moves another 0.001 like clock work. Hope you have some healing time with family and friends

Last edited by Ragshak: 21/12/23

LNR Price at posting: 1.2¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

'Not possible' to port renewable gas: ACCC takes AGN to court

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

First 55 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.1¢		Change 0.000(0.00%)		Mkt cap ! $2.810M

Open	High	Low	Value	Volume
0.1¢	0.1¢	0.1¢	$4.086K	4.085M

Buyers (Bids)

No.	Vol.	Price($)
37	38438663	0.1¢

Sellers (Offers)

Price($)	Vol.	No.
0.2¢	61059591	52

View Market Depth

No.	Vol.	Price($)
37	38438663	0.001
0	0	0.000
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.002	61059591	52
0.003	36938925	17
0.004	11670991	13
0.005	7733000	10
0.006	50000	1

Last trade - 13.36pm 26/06/2025 (20 minute delay)

LNR (ASX) Chart

Ann: Lady Grey Lithium Project Site Visit, page-55

'Not possible' to port renewable gas: ACCC takes AGN to court

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Lady Grey Lithium Project Site Visit, page-55

Top Stories

'Not possible' to port renewable gas: ACCC takes AGN to court

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

ASX Market Close: Index creeps lower as half-year mark approaches | June 26

Thursday's HotCopper trends: Paradigm's drug IP buy, MTM placement | June 26

Australia’s gas crisis is here – and dying coal plants aren’t helping

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News