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0.8¢ lcl resources limited

Ann: $10M raising for multi-rig drilling and to extinguish debt, page-135

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drpinks

253 Posts.

55

16/09/20

16:39

Post #: 47393214
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Originally posted by Mineblown: ↑

At 21c, LCL is already a $95m market cap company, making it $100m fully diluted with in-the-money options exercised.

With this current market cap, I would say it's already priced in on drill hole 9 comes back exceedingly positive( at least I expect it to be positive though not SUPER). With people comparing LCL to DEG might be expecting DEG's result, when the earlier holders of LCL expected LCL's kind of result with potential copper hit. If that's really the case, LCL might experience a dumbfounded fall in share price when the next drillhole comes out.

Note that once drill hole 9 assay comes out, we will have a gap between then and Oct drilling to assays results for any price movement.

For those of you who want to top up, be patient - you'll have plenty opportunities to buy from the market swings created by traders, they're all over LCL right now.

GLTAH

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Can't see your logic here. DH08 (which will no doubt be a similar grade to DH09) was what created this huge re-rate, when it hit moderate potassic alteration. DH09 has hit moderate to strong potassic alteration. Why would anyone be expecting something completely left field?
If you want DEG hits, go buy DEG

LCL Price at posting: 19.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 0.8¢		Change 0.000(0.00%)		Mkt cap ! $7.719M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.8¢	$2	203

Buyers (Bids)

No.	Vol.	Price($)
11	3452360	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	2125740	4

View Market Depth

No.	Vol.	Price($)
11	3452360	0.007
9	4751116	0.006
13	5599080	0.005
6	6128763	0.004
2	800000	0.003

Price($)	Vol.	No.
0.008	2125740	4
0.009	1858874	7
0.010	2981762	5
0.011	459999	2
0.012	1137500	3

Last trade - 10.04am 20/08/2024 (20 minute delay)

LCL (ASX) Chart

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