With LSA at the moment I think there are several factors to keep in mind:
1. This story is old as far as the market is concerned. Most have run out of patience. If you believe in the quality of the ground - then an investor has their own decision to make. Traders have already gone - but will be back on RESULTS.
2. Results from 79 RC HOLES and 4,000 SOIL/ROCK ASSAYS are still pending. There aren't too many shares in my portfolio with that amount of assays over quality ground pending.
3. Market cap is $22M. If you believe in the potential of the ground then this is the key number - not the share price.
4. Overhang from Steinepreis crew. At what point do they stop selling under 6c?....probably can only be determined when RESULTS come that indicate a bigger prize.
So - I am happy to sit and wait. The current price range is tempting...trying to work out if it will fall further before the RESULTS or whether we have reached a support level. Would be very happy to hear from some charting focused shareholders.....
Best of luck
With LSA at the moment I think there are several factors to keep...
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Last
10.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $26.35M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 10.5¢ | 10.5¢ | $4.181K | 39.82K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 22405 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.0¢ | 25000 | 1 |
View Market Depth
| Last trade - 13.45pm 06/11/2024 (20 minute delay) ? |
| LSA (ASX) Chart |