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2.70%

19.0¢ latin resources limited

They didn’t make it vague by accident. Don’t expect an...

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Kyle323232

920 Posts.

40

03/04/18

13:12

Post #: 32184538
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Originally posted by Lodiac ↑

Well, I'm starting to share the view of the old timers here. Even though I only bought in a few months ago, at 0.007, and am sitting on an excellent profit, I'm seeing little evidence that LRS plan to drill, especially given the latest announcement. Saying "we want to drill and get a JORC" is really saying nothing. Where is the plan?

Looking at the accounts, one could indeed be forgiven for thinking this is indeed a "lifestyle" company. LRS possesses no apparent mining/exploration expertise and now has no money for such. They have drilled in the past, but now all they can do is cap raise or sell land.

At the very least, LRS should issue an announcement explaining why they have been unable to drill, when they DO plan to drill and how they will finance themselves over the coming year. The information in the accounts is much too vague.

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They didn’t make it vague by accident. Don’t expect an announcement explaining the delays, they want to keep the market in the dark.

There is no reason for 13 months with no exploration and 5M spent cough “exploration company” it’s just a cash cow for the board and the director.

There will be no explanation unless it’s made by the asx after bankruptcy.

Last edited by Kyle323232: 03/04/18

LRS Price at posting: 1.2¢ Sentiment: Hold Disclosure: Not Held
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(20min delay)
Last 19.0¢		Change 0.005(2.70%)		Mkt cap ! $532.2M

Open	High	Low	Value	Volume
18.5¢	19.5¢	18.5¢	$900.1K	4.742M

Buyers (Bids)

No.	Vol.	Price($)
1	52404	19.0¢

Sellers (Offers)

Price($)	Vol.	No.
19.5¢	2711434	23

View Market Depth

No.	Vol.	Price($)
1	52404	0.190
8	967551	0.185
21	1943930	0.180
12	1109246	0.175
11	1152105	0.170

Price($)	Vol.	No.
0.195	2711434	23
0.200	2897348	22
0.205	921658	11
0.210	2336912	19
0.215	851896	7

Last trade - 16.10pm 28/10/2024 (20 minute delay)

LRS (ASX) Chart