LRS 2.56% 20.0¢ latin resources limited

We will know within the next 30 minutes, but with all due...

  1. 9,772 Posts.
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    We will know within the next 30 minutes, but with all due respect, there is simply no comparison between:

    E25 - A company which has already mining/processing and shipping ore and has it's processing plant breaks down which ends up delaying a shipment of ore (i.e. the break down has caused a material impact to the companies operations requiring a trading halt)

    LRS - Hypothetically 2 x Drilling rigs break down resulting in a slight delay to a lithium drill.

    Drill rigs breaking down is not market sensitive (at least not for LRS), and it's highly likely that if drill rigs had broken down that we could easily source new rigs within a week or two (largely having zero impact on our operations and SP).

    Also, we have 2 drill rigs at Salinas. The idea that both rigs simultaneously broke down is just beyond the realms of possibilities.
 
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