it makes perfect sense what the company has done when viewed from Lassonde curve perspective. Shallow exploration drilling at Kusi will provide exciting exploration results upside whilst "boring" development takes place in Colombia. As specs main way to generate capital is CRs why wouldn't you do it at higher prices? Exploration success provides that kicker, development work doesn't.
Also having two ex Barrick boys in board who've already vectored in to asymmetric successes in our favour when drilling reduces a lot of the exploration risk. No brainer.
Ann: Company acquires multiple PNG copper, nickel, gold targets, page-67
Add LCL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
0.000(0.00%) |
Mkt cap ! $10.50M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.2¢ | 1.1¢ | $4.873K | 423.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 6315095 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 1940474 | 7 |
View Market Depth
| Last trade - 15.44pm 15/05/2024 (20 minute delay) ? |
|
|||||
|
Last
1.1¢ |
Change
0.000 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 1.1¢ | 1.1¢ | 1.1¢ | 102000 | ||
| Last updated 10.06am 15/05/2024 ? | |||||
| LCL (ASX) Chart |