Absolute joke. I think they've been watching Trump's grifting and got inspired!
What management must explain is:
a) why do you need the cash now when you purport to have ~3.5m cash as of 31/3. assume a mill was used up, we should be sitting on 2.5m. b) you just unloaded your cash burn project to go back to sampling projects with minimal cash burn c) you have not disclosed any buy-in proejct options to justify a new cash burn d) you are handing out ultra cheap shares and options to essentially fund a consolidation and restructure expense no one wants e) asking us to blindly follow management after failing at every hurdle thus far. f) why walk away from Lady Grey without even releasing lithium results
How about using the cash you have to actually prove some value add to holders first, then come cup in hand asking for more.
Nope, not happy. Management needs to prove their worth before i will offer up another cent either on market or via a raising.
LNR Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
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