LNR 10.0% 0.6¢ lanthanein resources ltd

$12 sale, page-61

  1. 3,408 Posts.
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    I was just trying to be optimistic. A 10/1 consolidation only takes them to 3 cents at least a 25/1 consolidation takes them to 7 cents so gives them room to pump out a few more CR. I have no idea how many of those 600 million 3 cents shares have been sold into retail hands but I feel they are going to want to offload as many of them at 3-4 before they do a consolidation as they will require the cash to participate in the next CR. Im thinking there cash must be getting low if they had 700k last quarter and paid for exploration costs for 1700 rock chip samples, lab testing, wages, administration expenses and $100k for heritage approvals application fees.
 
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0.6¢ 21013446 23
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Last trade - 10.28am 17/05/2024 (20 minute delay) ?
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