Yep, the writing has been on the wall for a while you just have to be impartial enough to read it.
For me the red flags started after holding for about 12 months and I started to notice a trend. CR after CR, hype words in announcements like JORC and cobalt with no substance and stating drilling to start by X date or jorc by Y date when most of the time the company never held permits to do any of this.
Naturally my concerns grew and I contacted LRS as I had many questions. After leaving (not exaggerating) 10-15 messages for CG to call me back over a period of 6 months and around the same amount of emails I realized he had no intention of talking to shareholders. This in its self is a huge red flag for any spec stock in my opinion.
I know other holders from HC that tried to contact him also had no success. One holder even formed a sort of “share holders union” if you like, making up around 12% of the company to try and rally management to get some or any results. He also had zero response.
I was lucky enough to sneak out at a small profit in January due to that unexplainable rally. I consider myself a vastly more experienced investor now and gone are the days I will invest a cent in anything with out doing my due diligence. The stock market is a brutal teacher.
Good luck to anyone that got burnt by LRS all the best in the new year.
- Forums
- ASX - By Stock
- LRS
- Ann: Finance News Network Interview
Ann: Finance News Network Interview, page-30
-
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LRS (ASX) to my watchlist
(20min delay)
|
|||||
Last
20.5¢ |
Change
-0.010(4.65%) |
Mkt cap ! $574.2M |
Open | High | Low | Value | Volume |
21.5¢ | 21.5¢ | 20.5¢ | $2.300M | 10.91M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 524382 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 308712 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 324382 | 0.205 |
10 | 3483920 | 0.200 |
7 | 658850 | 0.195 |
10 | 2562070 | 0.190 |
6 | 1331030 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 297604 | 4 |
0.215 | 168763 | 4 |
0.220 | 2148680 | 11 |
0.225 | 1179030 | 5 |
0.230 | 1620242 | 15 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
Featured News
LRS (ASX) Chart |