Don't think so...
If a exploration company was to raise a IPO then it will be a "Pure Punters Play". LRS actually has a product if not more than it's competitor i.e ADN.
Your analogy is like saying a established Gold Mine i.e Barrack Gold has reserves and theres another Mining Company that has the same reserves but a few years behind is a Pure Punters play ?
If you have resources and your competitors are flying why would you like to have a slice of the same pie ?
The market is always irrational, but you have to understand that we are a extremely small cap and any investor that has a few million shares can drastically shift the price down or vice versa when purchasing. There has been times that there was hardly any buyers and if I wanted to I could push the stock down 2 to 3 pips... People tend to follow the heard.
Us retail investors are extremely limited with our funds.
I have said this many times before that management are not stupid enough to raise CR with out PFS Cloud 9 or major updates to attract more investors. They will have enough cash for 1 more quarter 2 if they can squeeze it. In all honesty I would prefer a merger with OAR + LRS.
If they don't deliver then I'm out. It's not like negative news has sprung into the market, but just impatience as I am one my self.
FMG traded 28,288 while LRS traded 114 times while ADN traded 582.
Let me ask you Pippo how much are you down on this stock ? I'm down $10K or 40% but still holding. Because sometimes it's hard to be rational when you are losing alot of money.
Never the less they gave us some updates which is assuring. Now we must come back in Jan to Feb.
Check out this chart from ADN, you would said the same thing from 2013 all the way to 2019 that ADN was a crap company.
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Don't think so... If a exploration company was to raise a IPO...
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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) ? |
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