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
- Ann: Finance News Network Interview
Yep, the writing has been on the wall for a while you just have...
-
-
- 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
|
|||||
Last
14.0¢ |
Change
-0.005(3.45%) |
Mkt cap ! $391.9M |
Open | High | Low | Value | Volume |
14.5¢ | 14.5¢ | 13.5¢ | $1.358M | 9.893M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 1825352 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 798256 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1825352 | 0.135 |
32 | 3229745 | 0.130 |
16 | 553548 | 0.125 |
12 | 1159182 | 0.120 |
3 | 456350 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 798256 | 10 |
0.145 | 293078 | 5 |
0.150 | 1019589 | 14 |
0.155 | 985333 | 9 |
0.160 | 1435836 | 14 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
Featured News
LRS (ASX) Chart |
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online