LCL 0.00% 0.9¢ lcl resources limited

Be more like a 30% dilution. And this wont get them too far with...

  1. 522 Posts.
    lightbulb Created with Sketch. 84
    Be more like a 30% dilution. And this wont get them too far with all the drilling they still need to do. So there will be another 30% dilution followed by another and then another and ..... So you buying a $1 share for 8 cents really becomes an 8 cent share you bought for $1.00 with your 15 bagger lost with all the dilution and next consolidation. Welcome to the world of a junior explorer.

    Only thing that will stop the rot here is some outstaning drill results. Tesarito giving another 300m @ 1.0g/t ot Chuscal delivering another horse's hair won't get the market excited.

    Just need to hope the brain trust are lucky with picking their next drill spots. Otherwise with Los Cerros (previously known as Metminco) it will be more of the same as it has been for the last 10 years. $350 mill pissed up the wall and not much to show for it. I wonder what the ASX record is.
 
watchlist Created with Sketch. Add LCL (ASX) to my watchlist
(20min delay)
Last
0.9¢
Change
0.000(0.00%)
Mkt cap ! $8.683M
Open High Low Value Volume
0.9¢ 1.0¢ 0.9¢ $1.941K 204.5K

Buyers (Bids)

No. Vol. Price($)
1 980870 0.9¢
 

Sellers (Offers)

Price($) Vol. No.
1.0¢ 3353585 9
View Market Depth
Last trade - 16.10pm 09/07/2024 (20 minute delay) ?
LCL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.