Australia's largest stock trading and investment forum Australia's #1 stock forum

LCL

Click for more information

0.00%

1.1¢ lcl resources limited

$350K from SPP -- not great, but not too bad either. More...

First 8 Last

Share
Profile

Follow
vermkart

354 Posts.

229

04/03/20

14:24

Post #: 43302087
Share

Originally posted by vermkart: ↑

Here's a very interesting part in this announcement:

So I did some digging into these "additional five diamond drill holes" and found this:

http://www.globenewswire.com/news-release/2012/03/15/1477452/0/en/Seafield-Intersects-121-8-m-of-1-06-g-t-Gold-and-0-11-Copper-Including-42-7-m-of-1-27-g-t-Gold-and-0-14-Copper-at-the-Dosquebradas-Deposit-in-Colombia.html

The SPP has closed as of last Thursday, so hopefully we'll get an announcement by Monday / early this week about the SPP uptake. With the $2.1M placement, $1.3M Mollacas sale and the SPP, the company cash position will probably end up close to $4M (or even more depending on the SPP uptake). An excellent position to start the next drill program! With such a strong cash balance, there's a good chance the share price will be able to run harder than ever before (of course assuming some decent drill results).

Expand

$350K from SPP -- not great, but not too bad either. More importantly, the cash position is now very strong with ~$3.8M.

@Green Bull - are you still "in"?

LCL Price at posting: 3.6¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 6 more messages in this thread...

First 8 Last

Add LCL (ASX) to my watchlist

(20min delay)
Last 1.1¢		Change 0.000(0.00%)		Mkt cap ! $10.50M

Open	High	Low	Value	Volume
1.1¢	1.1¢	1.1¢	$29.00K	2.636M

Buyers (Bids)

No.	Vol.	Price($)
2	590153	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	1763091	5

View Market Depth

No.	Vol.	Price($)
2	590153	0.011
14	3340708	0.010
9	1877338	0.009
8	3611080	0.008
4	1610000	0.007

Price($)	Vol.	No.
0.012	1763091	5
0.013	1902465	4
0.014	1471428	3
0.015	1804358	4
0.016	238000	1

Last trade - 13.21pm 02/05/2024 (20 minute delay)


Last 1.2¢			Change 0.000 ( 9.09 %)
Open	High		Low	Volume
1.1¢	1.2¢		1.1¢	751632
Last updated 14.52pm 02/05/2024 ?

LCL (ASX) Chart