I recall a lot of posters on LRS bleating when it was 1-3c, and how it was a lifestyle company for Directors.
You could pick up the options for nothing (with a 1.2c conversion).
Anyone buying at those levels have been rewarded nicely, particular if sold out at the 40c highs.
This is the spec end of town. High risk, high reward. It is not for everyone.
1c is a MC of $18m.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-14
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