LRV larvotto resources limited

lrv chart, page-207

  1. 1,082 Posts.
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    The last few weeks have been horrible for lrv holders. It is unfortunate that prices keep falling after such a good dfs. Management is not entirely to be blamed but they do really mess up the process in the dfs. Fist up the delay has already cause much angst. Though delays are expected but the proble is there were silence. Then when the announcement comes investors were disappointed by the large increase in cap ex. The difference is we are talking a 100% increase even though the amount is not big . And that would mean that we will have to raise a much larger amount in equity. The point is many investors has expected that we would not need to have much of a equity raising but the doubling of the cap ex has changed all that.
    This would have result in disgruntled investors selling.. On top of that short sellers can see blood and they would increase their shorts. And of course those sharks that are suppose to help the co raise money will join in the fun with the shorting so that they can get the shares at a lower price.
    It is such a shame that this happens to such a great asset.
    But the selling may be over as the weekly log chart is suggesting. But it needs confirmation
    https://hotcopper.com.au/data/attachments/7040/7040436-991c8e6af9a8d0be76d258fe495e99d6.jpg
 
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(20min delay)
Last
75.0¢
Change
-0.020(2.60%)
Mkt cap ! $309.3M
Open High Low Value Volume
76.0¢ 80.5¢ 74.5¢ $1.871M 2.401M

Buyers (Bids)

No. Vol. Price($)
2 25270 74.5¢
 

Sellers (Offers)

Price($) Vol. No.
75.0¢ 15610 2
View Market Depth
Last trade - 16.19pm 31/07/2025 (20 minute delay) ?
LRV (ASX) Chart
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