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Hi Hazza i don't think we are being conned but there may be...

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Elton1

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26/10/21

20:48

Post #: 57092693
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Originally posted by hazza25: ↑

Elton et al. Yes, I reckon the quarterly must come out any day now.
I am quite nervous regarding this and the possible market reaction if there is no definitive news.
I was going over some earlier announcements and found one where they explicitly stated they should be at 8000 TPA by end June.
Obviously this has not happened and we have not been told the reason, even if it is b/c of the stump trial..
My fear is that those fund managers that bought in at $0.10 may just decide they they have had enough. In which case a sell down of many millions of shares ( $10 Million / $0.10 per share) would be devastating for both confidence in the stock/company and yours/mine pockets. Would take a long time to recover.
The other thought, of course, is that we are all being taken for a ride. Maybe the ex- Essential Queensland have just used the ASX and unsuspecting share holders to fund a nice life style for a while.
Next day or 2 hopefully tells us more.

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Hi Hazza i don't think we are being conned but there may be problems going from a pilot plant to a commercial operation. Hope they have a good story.

LER Price at posting: 8.0¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $21.19M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$8.245K	916.1K

Buyers (Bids)

No.	Vol.	Price($)
4	885147	0.9¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	22500	1

View Market Depth

No.	Vol.	Price($)
4	885147	0.009
4	870000	0.008
2	225000	0.007
1	250000	0.006
1	300000	0.005

Price($)	Vol.	No.
0.010	22500	1
0.011	2239344	5
0.012	1200000	3
0.013	1336784	5
0.014	9999	2

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