The exceptionally low volume prior to today had me thinking that a CR is possibly on the way. I remember the same pattern in early April 2023. Anyone can check the daily chart over this period and they’ll see the tiny volume that lead into the CR.
We have a full suite of executives now (which is a good thing as it’s necessary for us to deliver a successful mine), but also comes with a hefty bill.
Important to remember that a CR doesn’t have to be a negative. April 2023 CR was priced at 10.5 which was only a 5% discount to the last close price. After the CR, the share price never went backwards and actually climbed 300%+ in the following months.
Of course the share price doesn’t go up simply because a CR is run. It takes decent news flow + recovering spot prices as we found out last year.
LRS General Discussion, page-17388
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17.0¢ |
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Mkt cap ! $475.9M |
Open | High | Low | Value | Volume |
18.0¢ | 18.0¢ | 16.5¢ | $1.608M | 9.399M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 2237794 | 16.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 250000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
24 | 2220673 | 0.165 |
21 | 1498818 | 0.160 |
7 | 720812 | 0.155 |
19 | 872117 | 0.150 |
4 | 730000 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 673776 | 7 |
0.180 | 915872 | 7 |
0.185 | 817682 | 12 |
0.190 | 702951 | 11 |
0.195 | 396592 | 6 |
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