Question - why release such a positive presentation to the market AFTER raising money at ridiculously low ball prices? surely the 'sophs' were completely aware of all of this information (and more, no doubt) yet couldn't be persuaded to pay any more than 1.4c (with a free option?) c'mon...
This raises so many red flags about the management team. Clearly indicative of lining mates pockets and screwing over existing holders.
Worst of all, they have sufficient cash at bank so it would seem completely unnecessary at this point!!!
Obvious manipulation, IMO, and leaves a very sour taste in my mouth.
Having whinged about all of this, I have little doubt in the EV potential of LNR. So much untapped value potential, IMO. Our value will begin being unlocked when the drilling results come in. I just wish management had some runs on the board, shown some value and integrity, before lining their mates pockets.
Goodluck to the longterm holders.
LNR Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
