Yeah all "Potential" has been removed from the price. Essentially I believe until some game changing news comes through the door via current drill updates/results then the SP will pull back to high 20s MC which equates to what a Canadian explorer is valued at with good money in the bank.
I would say its 50/50 macro and the SP being pump and dumped for the CR. LLI has displayed good potential but anything above $30 mill MC in Canada won't hold. If this was the Pilbara the SP would be 75c right now as per an easy comparison with RDN.
Ah well, I had my bitch .... Cant say I am looking forward to next week though given even good news will just be sold into and the unstoppable bleed will continue.
Ann: Mineralised Strike Length extends to 3,250m at Hidden Lake, page-26
-
- There are more pages in this discussion • 13 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LLI (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
14.0¢ |
Change
0.005(3.70%) |
Mkt cap ! $12.70M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 13.5¢ | $91.22K | 640.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 33499 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 13581 | 1 |
View Market Depth
| Last trade - 15.50pm 12/07/2024 (20 minute delay) ? |
| LLI (ASX) Chart |