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18.5¢ latin resources limited

couldn’t agree more absolutely a shit show, being ripped...

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Azza2687

19 Posts.

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15/08/24

18:38

Post #: 75226420
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Originally posted by Sunfire: ↑

Nope, because when you guess those shares from PLS guess what, if the share price is at $2. Your cost base is $2.85, so you instantly lose 85 cents on the dollar. They've dressed the deal up to make everyone think that the value is $0.20c, but that's only because PLS is worth $2.85 today. Guess what, PLS closed at $2.74 - everyone has already lost money on the 'deal'. Make no mistake, there's no premium given on this deal. A scrip for scrip valuing us at $368million when we have an PEA saying our NPV is $3.6 billion with a 7 month payback for capex and one of the lowest cost per tonne. THIS WAS NOT DONE IN THE SHAREHOLDERS INTEREST.

Chris Gale needs to come clean about what has happened here because he's sewn up a consulting deal with PLS, that doesn't happen overnight. We should have been informed as soon as there was a formal offer on the table. Absolutely gutted today by what's happened.

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couldn’t agree more absolutely a shit show, being ripped hard..
Chris and the rest of them benifit…

this hurts bad

LRS Price at posting: 18.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 18.5¢		Change 0.000(0.00%)		Mkt cap ! $518.2M

Open	High	Low	Value	Volume
18.0¢	18.8¢	18.0¢	$1.230M	6.659M

Buyers (Bids)

No.	Vol.	Price($)
27	3208042	18.0¢

Sellers (Offers)

Price($)	Vol.	No.
18.5¢	4120	2

View Market Depth

No.	Vol.	Price($)
27	3208042	0.180
11	2350051	0.175
15	1780834	0.170
6	1836266	0.165
10	1597544	0.160

Price($)	Vol.	No.
0.185	4120	2
0.190	939042	10
0.195	1350333	10
0.200	2277266	15
0.205	568699	8

Last trade - 16.10pm 18/10/2024 (20 minute delay)

LRS (ASX) Chart