With only 2 qtrs of funding and plans to ramp up the number of rigs, I think the market is pricing in an imminent CR. IMO this will be run by Bell Potter, I've seen them run CR for other companies not long after initiating them (it's probably part of the 'deal').
This makes no difference for LTH, we need the money to find the treasure. But there's a risk to anyone selling into this speculation, thinking they can flip for profit - what might get announced at the same time? What if the carb assays drop just beforehand? What if the news "gets big"? The SP may not retreat post CR, just like the previous one. You've been warned
IMO
Ann: Mineralised Carbonatites Discovered at C3 and C4 - Mangaroon, page-196
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