Ann: $2.5m Option Funding Agreement to Advance Projects in Brazil, page-59

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Jasongray

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01/03/22

04:46

Post #: 59886368
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Originally posted by Emerger8: ↑

Jason I will answer your question.

I have been in LRS for 6 years and I can confirm the current status of our projects and planned progress this year has presented the highest positive atmosphere I have seen in years. We are still way below on MC to the years when we were just concentrating on Argentina drilling at Catamarca.

We now have the WA project, Brazil and Argentina not to mention the gold, copper and minerals sands which never gets mentioned.

There are avenues to offload some of the less prioritised projects such as the gold, copper, and mineral sands to further fund progress. Not to mention the options to be converted and the ability to offload one of the major projects such as Brazil or WA to fund the other.

My personal view as a long term holder is we are now entering a new and exciting chapter for LRS, one which has positive momentum and highly promising progression towards producing from any one of our proven projects.

I am expecting to see the true value of LRS come to light this year and with the expected news feed this true value will most likely be starting to be seen before June 30. The company has passed the challenges of immediate funding, covid in Brazil and Argentina and long operational delays.

Information sharing to the market by way of announcements has significantly improved and many more announcements are due soon. It is my view big things are certain this year and the MC will rebound to a more comparable figure to those companies in similar positions, although LRS hold larger and more diverse projects.

The projects we have explored and are developing far outway those held by some companies which have much higher MC’s with only one of the projects similar to LRS.

People keep talking CR’s but my view is we have the potential to sell off one of the major projects to fund the other. We have so many positive options when it comes to funding including to sell our stake in the other company or be funded by Integra, who have a significant interest to see the SP move higher.

Seriously, my personal view is this is a gold star investment which is finally starting to see some positive move in the MC with much further to go over the next 3-12 months.

I believe this is a life changer and hence why I am still holding after 6 years with no intention of selling at this very low price. Todays price will seem trivial when the upward correction comes.

This deal with Lind has a different feel than previously. I don’t believe they will have any negative control over the SP as suggested by other posters.

Exciting times ahead. We are entering a phase of upward momentum which is the fruit from the hard work and patience of management and holders in past years.

LRS is a strong buy in my opinion.

My view but always do your own homework.

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Thankyou for that man. Thats exactly what I wanted to hear It's my first company that I've invested in and been a part of through the stages of project development so I just wanted some perspective so thankyou.

LRS Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 19.3¢		Change -0.003(1.28%)		Mkt cap ! $539.2M

Open	High	Low	Value	Volume
18.5¢	19.3¢	18.5¢	$1.201M	6.286M

Buyers (Bids)

No.	Vol.	Price($)
22	911166	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	1357152	15

View Market Depth

No.	Vol.	Price($)
21	911166	0.190
17	3037033	0.185
27	2416983	0.180
13	797388	0.175
13	752336	0.170

Price($)	Vol.	No.
0.195	1357152	15
0.200	951543	15
0.205	1505164	22
0.210	4200802	22
0.215	2379495	14

Last trade - 13.06pm 01/11/2024 (20 minute delay)

LRS (ASX) Chart

Ann: $2.5m Option Funding Agreement to Advance Projects in Brazil, page-59

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Ann: $2.5m Option Funding Agreement to Advance Projects in Brazil, page-59

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