LRV 12.5% 13.5¢ larvotto resources limited

Dear Members,One thing that cannot be overlooked is that the...

  1. 3,073 Posts.
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    Dear Members,

    One thing that cannot be overlooked is that the company has few SOI- 307,954,461. There isn't 2B+ on issue, which means that the shares are more tightly held, and the dilutive effect of capital raisings is lessened. I have a related party who is a holder and very happy to be on the register.

    The technicals look very good, especially considering the recent pressure on gold companies. The PSAR is 10.72c; since 22 July Momentum has been in a positive channel; OBV up since 27 July; MACD is above the signal line and 0 line; since 16 July there has been technical Accumulation.
    https://hotcopper.com.au/data/attachments/6364/6364216-7e90406b77021b21d49138dc4c4f6228.jpg



    Last edited by Sherlock Buffet: Today, 19:54
 
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