LCL 0.00% 1.0¢ lcl resources limited

Ann: $10M raising for multi-rig drilling and to extinguish debt, page-350

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  1. 10,736 Posts.
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    There will be some concern over hole nine I dare say, given it is the first hole into the Tesorito N. structure.
    It appears to be aimed at the center of the mag profile and then runs to depth to explore a possible connection with the southern Tesorito body which is known to be mineralised. Very prospective in my view, and worthwhile. But we know how tender holders are these days.

    I am expecting strong moves up in gold and S&P500 which I believe control our market particularly in gold stocks so I don't mind if the results for hole 9 are delayed a bit to allow the golden bull to gain traction again.

    https://hotcopper.com.au/posts/47697628/single is a post this morning with a chart of S&P marked up by a Bank of America analyst calling the next move to 35% up. If BoA are correct and they have a huge influence on the street, the need to get set here before the next round of positive results arrive will be paramount.
    My view is that to sell now to buy back with a 10% gain might risk another 25% gap like Sept 10th. But all depends on next two holes. Certainly an adrenaline boost for people who love this game.

    Just IMO, others will have a different view. DYOR.
 
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