LRS 4.65% 20.5¢ latin resources limited

Ann: RIU Update Presentation February 2018, page-31

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 920 Posts.
    lightbulb Created with Sketch. 40
    Yes, and 785K estimated outgoings this quarter, and that’s if drilling started last week. Every week they delay drilling is costing them money and thinning the already tiny balance predicted to be remaining at the end of quarter.

    There comes a point where it is irresponsible to start a drilling program when you are going to have less than 100K in the bank after it’s completed and you can’t pay your staff or your bills. As it stands now the cash on hand allows pretty much no wiggle room over 785k. If the drilling takes longer than expected, extra equipment is needed the list goes on. Not to mention assays? Are they planning on getting the samples assayed or is it just a case of “the strong management team will cross that bridge when they come to it”
    We are getting very close to that point now, tic toc.
 
watchlist Created with Sketch. Add LRS (ASX) to my watchlist
(20min delay)
Last
20.5¢
Change
-0.010(4.65%)
Mkt cap ! $574.2M
Open High Low Value Volume
21.5¢ 21.5¢ 20.5¢ $2.300M 10.91M

Buyers (Bids)

No. Vol. Price($)
3 524382 20.5¢
 

Sellers (Offers)

Price($) Vol. No.
21.0¢ 308712 6
View Market Depth
Last trade - 16.10pm 04/10/2024 (20 minute delay) ?
LRS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.