LCL lcl resources limited

Some fair points. But it comes a time where the company is so...

  1. 2,110 Posts.
    lightbulb Created with Sketch. 453
    Some fair points.

    But it comes a time where the company is so undervalued that the only way to go is up.

    There were over $20million spent in Colombia alone.
    Quinchia 2.6Million ounces are all with high grade gold deposit and that will help with economics.
    Miraflores deposit is ready for development (not many available of that quality)
    Colombian Politician change their believes when they need to create jobs, receive tax, etc
    Mining is important to create regional jobs and goverment is insterested in that otherwise they wouldn't have approved Miraflores Environment Lincence
    New government in Colombia most likely in 2026 (given current is against Israel/US and friendly with Venezuela and you know how that goes)
    With Gold at $2400 what is 2.6Moz worth? Not to mentioned they have barely drilled other prospective areas

    PNG - 2 company accepted LCL shares for their nickel tenements at much higher prices.
    Why would directors do that? It is more like market supressed sp so shareholders of those companies would sell their shares cheap.
    Last CR at 0.019 - most overhang from that most likely gone

    Plus look at how Interesting remuneration for the new director -

    Chris’ remuneration comprises NED fees of $36,000pa and an offer of 23,750,000
    Performance Rights in two equal tranches
    under the terms of the Company’s 2023
    Employee Incentive Securities Plan.

    Tranche A 11,875,000 Performance Rights vest and are convertible to fully paid shares
    upon the Company achieving a 20 day VWAP of not less than $0.025 with a term expiring
    on 30 April 2026.


    Tranche B 11,875,000 Performance Rights vest and are convertible to
    fully paid shares upon the Company achieving a 20 day VWAP of not less than $0.035 with
    a term expiring on 30 April 2027.
 
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(20min delay)
Last
0.5¢
Change
-0.001(16.7%)
Mkt cap ! $5.974M
Open High Low Value Volume
0.7¢ 0.7¢ 0.5¢ $42.50K 6.984M

Buyers (Bids)

No. Vol. Price($)
15 7131128 0.5¢
 

Sellers (Offers)

Price($) Vol. No.
0.6¢ 86698 3
View Market Depth
Last trade - 16.10pm 26/06/2025 (20 minute delay) ?
LCL (ASX) Chart
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