LRS

2.56%

20.0¢ latin resources limited

Thanks mate I really appreciated your feedback. You are right...

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slashme

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09/04/19

14:57

Post #: 38062525
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Originally posted by Gwaihir: ↑

Just for your info slashme, the JP Morgan holding, and some others, are Nominee accounts.

This means that JP Morgan does not own any LRS, they are simply holding the LRS shares for their customers, who's names you do not know, and who's identities are kept secret.

For instance, that JP Morgan holding in LRS could be made up of 12 different people and businesses who don't want their identities known, so they use a Nominee account to have the Broker's platform hold them on their behalf. JP Morgan don't own any.

This way, those people can protect their identity, and no-one knows who owns the shares, and JP Morgan aren't going to tell you who their clients are that own the LRS shares.

You can have any broker do this for you (for a fee) if you want, or if you can't be bothered buying online yourself, or if you want your identity held a secret.

It's all legal unfortunately. I have said for many years that this encourages deception. What should be listed, is every person and company inside the Nominee account, so that there can be no hidden holdings, this would promote a more open and honest stock market, but that's not what the insider's want, in fact, they very last thing they want is an open and honest stock market. It's a mug's game for small retail holders, and don't we know it.

My views on LRS are as before, to avoid administration within months, they need to pull a rabbit out of the hat, which is not impossible, but at this stage it looks improbable.

With the recent inversion of the yield curve in the USA, and the end of quantitative tightening, and the start once more (possibly) of new rounds of quantitative easing (because Trump wants to be re-elected), and with the Australian RBA wanting (and hoping) to keep the economy limping along, then I'd be investing in gold now, because 2020 (could) be a big year for gold - but then again, I've been wrong before, many many times.

Good luck with your investing.

Gw

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Thanks mate I really appreciated your feedback. You are right about this company the management really needs to "pull a rabbit out of the hat" or else this will go down.

LRS Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 20.0¢		Change 0.005(2.56%)		Mkt cap ! $560.2M

Open	High	Low	Value	Volume
19.5¢	20.0¢	19.0¢	$7.396M	37.90M

Buyers (Bids)

No.	Vol.	Price($)
3	155000	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	6311996	51

View Market Depth

No.	Vol.	Price($)
3	155000	0.195
5	684425	0.190
10	2223053	0.185
9	2053527	0.180
7	1054477	0.175

Price($)	Vol.	No.
0.200	6311996	51
0.205	4523755	23
0.210	5678520	33
0.215	2491558	20
0.220	2705583	38

Last trade - 16.10pm 13/09/2024 (20 minute delay)

LRS (ASX) Chart

Thanks mate I really appreciated your feedback. You are right...

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Utah authorities sign off on Anson's lithium extraction plans at Green River

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

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Buyers (Bids)

Sellers (Offers)

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Thanks mate I really appreciated your feedback. You are right...

Top Stories

Metals Australia kicking off plant study at Lac Carheil; Canadian tariff tailwind potential

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

Mako sniffs gold at 170 g/t at Cote d’Ivoire's Napié play

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

Enova Mining unveils "high-grade" REE drill hits at Coda North, Brazil

Utah authorities sign off on Anson's lithium extraction plans at Green River

Antipa divests its Citadel interest to JV partner Rio for A$17M, refocuses on Minyari Dome

Vulcan appoints investment bank and M&A veteran to board

Medallion Metals kicking off 15,000m drill run at Ravensthorpe gold play

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News