LCL 20.0% 0.8¢ lcl resources limited

Ann: $10M raising for multi-rig drilling and to extinguish debt, page-180

  1. vmp
    13,162 Posts.
    lightbulb Created with Sketch. 8915
    Lcl is fully funded in the next two years to explore quinchia
    If management shows financial acumen the market will believe this
    Start from showing 80% of the money will be spent on the ground
    Don’t inflate salaries and and certainly don’t start to line their pockets
    Buy a few on market to thicken their skin
    The above is all it takes. And The drills will keep delivering the goodies


    $12m after paying rmb
    $13.5m options conversion by aug 2021 expiry
    ——-
    $25m
 
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