Further resource drilling is good, but they now need to move in...

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Blackheart

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31/05/21

17:18

Post #: 53543123
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Originally posted by kengaroo: ↑

Like many, I thought a sell down was to be expected, not quite like this though.
Nevertheless, we finished with grazed knees, not a broken nose and perhaps even unscathed if you have not sold.

7 is my favourite number and a good base to climb from Cloud 9 to 7th heaven...
The gap is closed
The stage is set with a known JORC
Grades are exceptional also.
Further resource to be added and quantified.

Once we settle a bit and then take on new announcements, we will not see such selling events at this magnitude. imo
One of the many good things about LRS is the frequency of announcements

It is so easy to forget that for every seller, there is a confident buyer and/or accumulator. In the case of LRS, perhaps a less jaded shareholder this time around, perhaps a more strategic buyer this time. There were some very large parcels purchased today and the overall volume was sensational for the churn and turn of events. 'Out with the old, in with the new'

As many have noted, LRS also has quality Lithium and Gold plays, with announcements not far away.

Chin up, all is not lost and there is still a great deal to be positive about.
If in doubt, just read the announcement in full at least three times, have a nice cuppa, perhaps a Bex and a lie down

Looking forward to watching this little pearla develop, in its time.

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Further resource drilling is good, but they now need to move in getting this project to the mining and offtake position.
We already have a huge resource that will take years to sell.
IMO

LRS Price at posting: 7.0¢ Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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