LCL 11.1% 0.8¢ lcl resources limited

Ann: $10M raising for multi-rig drilling and to extinguish debt, page-192

  1. 3,696 Posts.
    lightbulb Created with Sketch. 1525
    The fact that the price has risen on massive volumes last couple of weeks and churned through stale holders would lend itself to the more positive outcome.

    Setting up some consolidation for next leg up.
    Also a pullback from overbought conditions is normal.
    Was way above upper bollingers and RSI was well overbought.

    Rerate underway and with the positive commercial backdrop all sorted for us to move forward, it's just a matter of vectoring in on the engine of all the mineralisation.

    All normal on a stock going places.
 
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