I agree with you TFP but are you a shareholder?
LRV spent the past 5 months on HILLGROVE & last man standing. ANTIMONY is a critical mineral (so are REE, LITHIUM, COPPER) with ANTIMONY supply dominated by the PRC. GAGE are Chinese controlled & TRIAFUGA are a UAE entity.
If LRV sharehllders do not support then GAGE will hold > 20% and effective control over LRV (this is detailed in the HILLGROVE presentation). I am surprised that FIRB approvals are not required with other clearances.
LRV board will require additions and no doubt these will be GAGE/TRI recommended nominees/appointees.
LRV have assay/drilling results due and potentially both EYRE and MT ISA are positive ... LRV shareholders must know these outcomes of before potentially GIFTING potential upside to GAGE with HILLGROVE to be the focus of future attention based on the HILLGROVE webinar (not all LRV foundation assets).
IMHO LRV (Ron) is a ONE MAN SHOW and HILLGROVE will remain difficult. Capital raisings 1HY24 noting small amount raised for working capital (EYRE, MT ISA & NZ plus corporate) shown in the HILLGROVE presentation.
If HILLGROVE is acquired then GAGE will be driving LRV & potentially its % control or by debt (secured convertible note).
IMHO the risks that HILLGROVE presents far outweigh the benefits ... GLTAH.
- Forums
- ASX - By Stock
- Ann: Notice of Extraordinary General Meeting/Proxy Form
I agree with you TFP but are you a shareholder?LRV spent the...
-
-
- There are more pages in this discussion • 119 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LRV (ASX) to my watchlist
|
|||||
Last
41.0¢ |
Change
0.090(28.1%) |
Mkt cap ! $126.2M |
Open | High | Low | Value | Volume |
32.0¢ | 41.5¢ | 31.5¢ | $3.614M | 9.830M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 4323 | 40.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
41.5¢ | 207068 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4323 | 0.405 |
2 | 29330 | 0.400 |
2 | 204000 | 0.395 |
2 | 200000 | 0.390 |
1 | 6578 | 0.380 |
Price($) | Vol. | No. |
---|---|---|
0.415 | 207068 | 4 |
0.420 | 24320 | 2 |
0.425 | 100000 | 2 |
0.430 | 66896 | 3 |
0.435 | 182286 | 6 |
Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
Featured News
LRV (ASX) Chart |
The Watchlist
SBW
SHEKEL BRAINWEIGH LTD
Dani Nadri, Country Manager Australia
Dani Nadri
Country Manager Australia
SPONSORED BY The Market Online