Ann: Trading Halt, page-69

Well now we know why the SP has been held down in the low teens for so long insto out 11c+ to get in 10.5c ... has prob been in the works for sometime ..LRS mgmt know big picture you need big $$$$ to get the project to the next levels of valuations and interest

Not cheap developing a MAJOR Mining project..

I'm sure the A$50mill will get soaked up pretty quick in>>>> in PFS/DFS , met studies ,in-fill drilling ,tech reports, regs for mining PEA..

would holders be more happy if the raise was done with the cash balance was sub A$10mill in few months time?

I agree selling off or least IPO , JVP off other projects makes sense ...

I've seen much worse CR of late ..go checkout some of the micro caps that do it all the time 40% discounted raises with free opts ..

Lithium price has dropped by 58% YoY ..... commercial lending rates have smashed higher at a rate of knots ... we see LRS get 30mill @ 10.5c thats pretty good >>>>