When PSC received binding agreement from Huayou to buy Acardia project at 528M AUD for 87% holding ( 607M AUD for 100%), their SC6 reference price used in DoFS is only 892 USD. Acardia project resource level is quite similar to Colina project. Acardia has 72.5 mt @1.11% resource while Colina has 70.9mt @ 1.25% . Acardia project is in Africa while Colina is in Brazil. Everyone knows the risk level between these two countries.
Acardia project was sold for $607M, LRS MC is only $308M. LRS is much undervalued. Shorters can control price for short term, but they can't control it forever. I don't want to convince people to buy, but I want our long term holders here be patient. Your wrong decision will not only impact your future, but also impact holders here.
LRS General Discussion, page-18698
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Last
12.3¢ |
Change
0.013(11.4%) |
Mkt cap ! $342.9M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 12.0¢ | $1.323M | 10.77M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 2456011 | 12.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 1564893 | 42 |
View Market Depth
| Last trade - 14.18pm 14/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |