Due to this company being dormant for so long, I think it has been largely forgotten about it. Trading volumes have been very low of late and the share price is drifting lower largely on lack of interest or knowledge that the company even exists. There are probably long suffering shareholders getting out, and some new shareholders that received LMLND in the cap raising for 0.6c exiting for a quick profit. It might take a bit of time to flush these shareholders out and for potential new shareholders to discover the existence of the company. Over the coming weeks we should start to see announcements around the drilling results which should be very positive. The drill results will be then fed into a new reserves calculation and mine feasibility study.. The drill results should kick the interest and share price into action shortly. Personally excited by the fact that the Koppio Drilling will probably add a few more million tons of Graphite, and the Kookaburra Gully lease has an exploration target of 32-94M Tonnes.. Thats Huge Cant believe the old management drilled 100 holes into Kookaburra Gully Extended and never released an inferred resource estimate.. Looking forward to that when it comes.
LML Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
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