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9.68%

17.0¢ latin resources limited

This.At this point I’m exercising and will reset the CGT 12...

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noobofwallstreet

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12/10/22

19:17

Post #: 64165898
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Originally posted by davefb: ↑

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

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This.

At this point I’m exercising and will reset the CGT 12 month discount. If the SP was still up around 20c I’d just cash in the options. I figure we’ll probably have a DFS, monster resource and Argentina well on its way by end of next year, and if lithium prices hold up wouldn’t expect anything less than 50c by that stage, so happy to add the options to the long term holding.

LRS Price at posting: 10.0¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 17.0¢		Change 0.015(9.68%)		Mkt cap ! $475.9M

Open	High	Low	Value	Volume
16.0¢	17.5¢	16.0¢	$2.021M	11.85M

Buyers (Bids)

No.	Vol.	Price($)
11	662574	17.0¢

Sellers (Offers)

Price($)	Vol.	No.
17.5¢	419502	7

View Market Depth

No.	Vol.	Price($)
11	662574	0.170
16	1014896	0.165
22	811705	0.160
20	1073197	0.155
49	2985521	0.150

Price($)	Vol.	No.
0.175	419502	7
0.180	1412586	15
0.185	913171	10
0.190	343382	13
0.195	296626	8

Last trade - 16.10pm 11/07/2024 (20 minute delay)

LRS (ASX) Chart