LRS 5.71% 18.5¢ latin resources limited

The dilemma comes in that the CGT discount does not carry over...

  1. 407 Posts.
    lightbulb Created with Sketch. 55
    The dilemma comes in that the CGT discount does not carry over in converting the Options into shares.

    I will be restarting the CGT clock on what will be a pretty significant profit. My average buy price is $0.026, so i risk forfeiting a lot of that profit to tax payable.

    My personal position is that as of this week, all my options have the discount, however, I feel like the LRS share price could easily skip up to 30 - 40c once our JORC comes out, potentially another 10c if we hit good strikes elsewhere or Argentina drilling starts. That would need to happen by years end and there would need to be liquidity in the Options for me to sell them (looking unlikely).

    I hope that makes sense
 
watchlist Created with Sketch. Add LRS (ASX) to my watchlist
(20min delay)
Last
18.5¢
Change
0.010(5.71%)
Mkt cap ! $517.8M
Open High Low Value Volume
17.5¢ 18.5¢ 17.3¢ $2.088M 11.60M

Buyers (Bids)

No. Vol. Price($)
15 1850969 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 1918258 10
View Market Depth
Last trade - 16.10pm 26/06/2024 (20 minute delay) ?
LRS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.