LCL 0.00% 1.0¢ lcl resources limited

Dare not dip toe in here again but here goes. Board copping a...

  1. 60 Posts.
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    Dare not dip toe in here again but here goes.
    Board copping a lot of flack but I keep saying... with LC in THIS mkt they have done v well, is far better 30% of something big in a few years than 100% of zip. Where are all other such deals being done??
    And with Colombia they appear to have identified great assets, if taking advantage of other luckless shareholders, ie in Seafield. Over $15m in ground at these assets, offering a near term mine (Miraflores), plus outstanding exploration upside. Which wont cost much to test initially.
    And dare one say it, the Co does have the Board and tech ability to develop Miraflores, and progress exploration. We forget they did good job exploring Calatos. It was just a prospect with few interesting holes when they started. Then found what will be a big mine, but in a rotten market.
    And these Colombian assets came after long and careful search.
    And the commodity in Col. is old. Brighter prospects?
    Current market is ludicrous, but is in grip of retail traders.
    Now comes task of selling it to institutions, serious new investors, eg once paperwork for Col acquisition finished
 
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Mkt cap ! $9.648M
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1 110000 0.9¢
 

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1.0¢ 3453585 9
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Last trade - 16.12pm 05/07/2024 (20 minute delay) ?
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