Most of these tenements date back to the IPO from 2016 which if my memory serves me correct raised $8m. There is significantly more cost here than the $1m people keep rattling on about.
As for LKE I'm not convinced that early shareholders are too upset about the significant rise in share price that ensued after all those glossy presentations. They may have fallen from a $1b+ valuation now but I note they are still worth double LPI and anyone that bought LKE as late as 2021 is still sitting on a tidy 300+% profit, how many from LPI can say that?
Who did you say is worse for wear?
Give me glossy unrealistic presentations anyday.
LPI Price at posting:
32.5¢ Sentiment: None Disclosure: Not Held
