Hi dawgfather,
I know you bought lots of oppies and shares (early 2021), as I have been following and reading your comments during the push up to 10c before it crumbled down to approx 2c.
In my opinion, LRS will never go into production under CG's management. The best I can see happening is, LRS getting good results from their tenements. Then LRS will sell the tenements to potential buyer raising funds to acquire another land for the next "upcoming" resource. Ask yourself this question, lets say the results in Brazil are exceptional, do you think LRS will be a lithium producer in next 1/3/5 years?
Again, I have no issues with LRS, just CG. Why?
a) CG's holds multiple roles across several ASX companies like OAR, LRS, SLS. So his time is not solely focused on one company.
b) OAR - Executive Chairman since 2019. Annual remuneration $240k ($20k/monthly). Share price from $0.02c in 2019 to currently trading at $0.005. I dont hold but what the current OAR shareholders are facing is probably what I felt when no one was buying LRS at $0.001 which led to the 25-to-1 consolidation.
c) LRS - He's been the Executive Director for 14years in LRS, please outline to me what is his greatest achievement in the last 14years? Other than his fat remuneration of $360k/annum? 14years at the helm of a company, and we are still drilling? Come on...something's not right.
My sentiment is correct by the way, I am still holding a very small portion of what I used to hold.
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Price($) | Vol. | No. |
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