A brilliant move by the LSR management. Without that many shareholders could have been in big loss after the mediocre diamond drilling results released yesterday. Now the company has a support of a group of investors with deep pockets and many contacts. It is good that the company went to sophisticated investors for funds. Imagine what would happen if they ask funds from retail holders after releasing DD results yesterday? Now we are in a much better position with safe hands. I believe much more than 60% of the registry is now owned by the top 20 holders. The Chairman alone owns about 25% entire LSR shares.. LSR owns 20% of a promising nickel deposit. Nickle is in great demand already and will be in a greater demand in the future VAN has to spend over $3 million over the next year or so in one of the LSR lands. Do not forget that we have highly prospective lands for gold/copper exploration. Some of them already shown over 70 g/t gold in 4m. Yes, LSR is a multibagger. I am more confident than ever.
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