LCL 10.0% 1.1¢ lcl resources limited

Very sad report. They have no money but are looking for a...

  1. 566 Posts.
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    Very sad report.
    They have no money but are looking for a project which offers short term cash flow, OMG.
    The strategy of a lower cost higher grade start up needed to be in play years ago.
    The copper market would need to be red hot to contemplate doing low grade large tonnage so far under ground, the risks are enormous given the amount of material that needs to be moved.
    They need new management, no confidence in this lot.
 
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