They sold it for $1m and stock because that’s how much it’s worth. If it was worth more they would not have sold it. You reckon steinpries and co would let it go if it was worth more? Seriously. Reality now. Fat chance.
Ever seen how much the directors of lcd put in on the cap raise? They did NOT need to sell to ars for cash. They raised enough at 2.5c. They would not let it go so cheap it it was worth more. I can see it at all. Makes no sence.
Sorry guys. I can’t see directors of lcd giving this away for chump change if it was worth a lot more. Zero chance.
We have had plenty of results. Plenty of drill holes. It’s been nearly a year and it’s gone backwards with little cash left.
Anyway, hope I’m wrong and it 10 bags.
ARS Price at posting:
4.2¢ Sentiment: None Disclosure: Not Held