LRV 13.0% 10.0¢ larvotto resources limited

well, before the offical announcement is out, I research the...

  1. 9,556 Posts.
    lightbulb Created with Sketch. 601
    well, before the offical announcement is out, I research the project based on RVR's past announcements and their plan was to restart the underground mining operation with 30k-50k oz Au production, so I assume we purchase it to continue the same path, so with potential short to mid term revenue then its worth the risk of given away ~50% ownership, but this is not the case, and more shares will be issued early next year (in Q1) thats for sure. So, I don't see the benefit of acquiring this project. we are already suffering from slow progress of the two projects, why add another one in?
 
watchlist Created with Sketch. Add LRV (ASX) to my watchlist
(20min delay)
Last
10.0¢
Change
-0.015(13.0%)
Mkt cap ! $25.02M
Open High Low Value Volume
11.5¢ 11.5¢ 10.0¢ $228.8K 2.109M

Buyers (Bids)

No. Vol. Price($)
8 378713 10.0¢
 

Sellers (Offers)

Price($) Vol. No.
10.5¢ 70000 1
View Market Depth
Last trade - 16.10pm 22/05/2024 (20 minute delay) ?
Last
10.3¢
  Change
-0.015 ( 14.6 %)
Open High Low Volume
11.0¢ 11.0¢ 10.0¢ 1118592
Last updated 15.58pm 22/05/2024 ?
LRV (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.