In regards to the sale of the copper assets C Gale made it very clear that LRS will keep the JV with First Quantum who are listed in Canada , but will sell the other 2 Illo projects and realise some shareholder value and somehow keep some upside equity.
I can only assume he sells them for cash and keeps a royalty ???
An inflow of cash would be fantastic as it would stop the need for any further dilutive cap raises to fund the Lithium drilling programs that clearly his geologist is excited about
Ann: FNN Interview with Managing Director, page-2
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Last
20.0¢ |
Change
-0.015(6.98%) |
Mkt cap ! $559.8M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 19.5¢ | $1.518M | 7.602M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 424300 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 174191 | 4 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
19.8¢ |
Change
-0.015 ( 6.93 %) |
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| Open | High | Low | Volume | ||
| 20.5¢ | 20.8¢ | 19.5¢ | 4102438 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| LRS (ASX) Chart |