Disappointing as the announcement is, the way some investors and reacting its like LCL are the only exploration stock that operates in this manner and they were blindsided. .
If you invest in exploration stocks you accept there will be a degree of enthusiasm and embellishment of what might be, you accept there will b failures and not first dig first find. What's not in dispute is what they currently have. LCL are bound by the ASX/JORC regulators to advise relevant information as it becomes available and they build a strategy around that information. If at later date the strategy doesn't go to plan well things don't go to plan...that's the nature of investing in exploration stocks. If you don't like the volatility, if you don't like the information game every Management Team of an exploration stock plays then go invest in a bank.
LCL Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
