LCL 4.55% 1.2¢ lcl resources limited

There is Nickel everywhere and hopefully next samples confirm...

  1. 1,532 Posts.
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    There is Nickel everywhere and hopefully next samples confirm that.

    I think after the first high grade Nickel + gold... stock is going back to 5c on volume.

    MUNGA sold their their tenements in June/2023 and received LCL at 4c?

    1. Issue of 6,700,617 fully paid LCL ordinary shares to Munga on completion of the transfer of
    EL2566 to LCL.
    2. Grant of a 2% NSR (Royalty) to Munga on minerals extracted from EL2566. LCL has the
    right to purchase the Royalty for a cash payment of AUD$5M at any time.
    3. Finders’ fees comprise a non-refundable payment of AUD$5k to a shareholder of Munga
    (Finder); and a further payment of AUD$20k and the issue of 1,340,123 fully paid LCL ordinary
    shares to the Finder on completion of the transfer of EL2566 to LCL.

    PAPUAN THE Sold their tenements in August/2023 at around 3c?

    Key elements of the transaction include:
    1. Issue of 7,239,382 fully paid LCL ordinary shares to Papuan on completion of the
    transfer of EL 2391 to LCL.
    2. Issue of 2,413,127 fully paid LCL ordinary shares to Papuan on completion of the
    transfer of EL 2560 to LCL.
    3. Grant of a 2% NSR (Royalty) to Papuan on minerals extracted from the Papuan
    Licences. LCL has the right to purchase, at any time, the Royalty over EL 2391 for a
    cash payment of AUD$3.75M; and the Royalty over EL 2560 for a cash payment of
    AUD$1.25M.
    4. Completion is conditional on due diligence by LCL on the Papuan Licences, to its
    reasonable satisfaction, within 30 days of signing and LCL may withdraw from the
    Agreement if completion of the transfer of either of the Papuan Licences does not
    occur within six months of execution.
 
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Last
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Mkt cap ! $10.98M
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1.2¢ 1.2¢ 1.1¢ $2.643K 240.2K

Buyers (Bids)

No. Vol. Price($)
8 6665913 1.1¢
 

Sellers (Offers)

Price($) Vol. No.
1.2¢ 1282605 5
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Last trade - 15.59pm 16/05/2024 (20 minute delay) ?
Last
1.1¢
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1.1¢ 1.1¢ 1.1¢ 234618
Last updated 15.57pm 16/05/2024 ?
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