Please note : I have no experience in understanding TA of trading shares, corporate knowledge of business or geological/engineering background.
1. LTR and LSA will make an announcement about recent drilling.
2. IF successful in the first round will undertake more detailed drilling at selected points.
3. Whilst this is occurring LTR undergoing DFS for KV.
4. LTR split into 2 companies with KV one and the other Moora/Buldania
5. TO of KV for nominated sum - possible $1.50 maybe $2 if lucky (end of 2021)
6. LTR and LSA continue with drilling then at some stage proceed to undertaking a scoping study. (end of 2021)
7. IF the LSA tenants are considered critical to the overall economic feasibility for LTR then after KV is sold some of the proceeds will go towards but out of LSA - as a uneducated guess based upon SOI, theoretical deposits , current management with LTR (high reputation) then thinking around the $300m or 30c mark (2022)
Happy and most probably wrong and missed many finer details but just some thinking
LSA Price at posting:
2.9¢ Sentiment: Hold Disclosure: Held
