So current share holders are being offer nothing in the placement which effectively dilutes our LSR holdings. Assuming the SP drops to around the placement price (or below) would it be just as expedient to buy more shares when or if it drops to this price of 9.5 cents.
What LSR have done is to raise cash quickly for their exploration program for assumed identified targets and brought the potential of LSR to the attention of institutional and other investors
Would have been nice for the current SH to have been offered shares but either way the options are there and we will see have the SP reacts to gauge any short term interest.
Just my thoughts from previous share placements I have been involved in or missed out on
Ann: Placement , page-16
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