Wow finally got to read a whole bunch of these frenzied posts today and it's a ridiculous pile on. Can't believe we even have someone creating a sack Ron thread. How terrible that he leads a company that secured the bargain of a century when they bought Hillgrove.
Seriously the company has been on a strong upward trajectory and a whole bunch of you now whinge. Nothing just goes up, always zig-zags. It's the share market. Get used to it. If anything the down drops are good opportunities if you are long on LRV.
Go watch some of the presentations this year to get a better grip of what is going on. So what if the DFS is late? It's been signalled to the market as to why. Id rather they do a good job of it than rush because of some squeaky wheels on a chat forum.
At the end of the day the dry tailings and debottlenecking activities are environmental and safety / efficiency related improvements that reduce project risk and set us on a better long term footing.
Anyway as far as I have seen a DFS isn't dependant on a permit, and it's pretty obvious you need a relevant environmental approval for tailings if you are processing ore. No doubt they will be looking at a broad range of funding options now and after the DFS. I also think it's great it's an amendment to the existing permit rather than a whole new permit approval process. Less risk and time in my mind.
Undervalued companies are a gem, it's great we are aware of LRV, lots of investors have no idea about it. I am glad I have invested in LRV as I think the company has great prospects.
DYOR and watch some presentations!
LRV Price at posting:
76.5¢ Sentiment: Buy Disclosure: Held
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