LCL 0.00% 1.0¢ lcl resources limited

Ann: Trading Halt, page-80

  1. 5,933 Posts.
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    The options are more likely to get exercized now imo because the company doesnt need them exercised. The company has essentially eliminated the games around underwriting the options. Some players will suppress the price in order to get the rights to underwrite the options. That is now off the table "do what you like". However if a big player still wants to suppress the price to accumulate they can always do that but hopefully Sprott being on board will give us a kick along and then the options will get exercised anyway.
    They would know from the drill core whether they were hitting porphyry bearing rock, just like they knew they hit something at ceibal.. The results will be still unknown until they emerge from the Lab. There is a good chance they know that Tesorito will be extended.
    Attracting Sprott as an institutional investor cant be underestimated. The valuations will flow and price targets too.
 
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