LGR 0.00% 2.1¢ lanka graphite limited

It doesn't look great for LGR, the resignation of Jitto and...

  1. 3,961 Posts.
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    It doesn't look great for LGR, the resignation of Jitto and Emily after the last raise tells me they couldn't secure the funding they needed to get this thing going.

    I like the assets, I dont like that they are on the hook for the Miniran payment but haven't been able to fund it.

    Market Cap is tiny and unlike that other SL mob they have a MOU for the graphite they produce so should see revenue soon after getting stuff out of the ground.

    All it needs now is a deal maker/promoter to get some funding and make it happen. Plenty of upside but plenty of risk.
 
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