LOT 7.41% 29.0¢ lotus resources limited

Ann: Tabac Project- Intersection of Potential Cobalt Bearing Zone, page-173

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  1. 1,550 Posts.
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    Yep they had a proven resource with some impressive scale if not grades... just spun off, rebranded and relisted at the right time. I still wouldn't like to be overly wedded to the Ni price, although I still hold a few there.

    This obviously has the potential to be multiples of ARL, but as you say there's a lot of uncertainty surrounding and therefore vulnerable to wild swings as you found out. If some 'smart' money still hold we may well see an orchestrated pump on eve of assays. This is a SOP for them although I don't really care so have not done any digging through t20 lists.

    If the market makes me an offer I can't refuse, fine. But I'm prepared to hold through assays now as I'm satisfied the odds have improved for a positive result + there is exploration upside on the tenements with a chance for hydrothermal gold, zinc nickel etc
 
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