LCL lcl resources limited

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Ann: Webinar Presentation, page-14

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goldfan

2,094 Posts.

452

06/06/25

15:49

Post #: 79348809
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Originally posted by littleblackduck: ↑

The company will only recieve $1.0m 7 days after the AGM has been completed.

Be very clear the company will not have $7.5m in the bank as you indicate in your post.

The remaining $6.5m is a contingent payment due to the company in the future. If the company does not receive these payments from Tiger and call for these payments they must pay the amount due or alternatively the assets return to LCL ownership.

Secondly, if the company releases information immediately after the AGM and the deal closes which they could have been sitting on would be a breach of the continuos disclosure obligations. They are obliged to release any data that would have an influence on SP as soon as it is known to them. By saying they are not doing any work on the Columbian assets and want to offload them and concentrate on PNG one can infer that any details on activities in PNG are material and must be disclosed as soon as they are known. This will just be a total breach of their duties.

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Love the positivity

Any dumb investor would know the terms, wouldn't they?

To put any serious exploration campaign in PNG we would need at least 6 months of planning

In regards to the trenching results... oh well they were in the lab, right? )

LCL Price at posting: 0.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $8.363M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$8.05K	1.15M

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No.	Vol.	Price($)
1	4392708	0.7¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
1	4392708	0.007
21	8045392	0.006
13	7330013	0.005
9	9100000	0.004
2	10700000	0.003

Price($)	Vol.	No.
0.008	2691047	5
0.009	1308575	5
0.010	1364016	4
0.011	1492178	5
0.012	600000	3

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Ann: Webinar Presentation, page-14

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Ann: Webinar Presentation, page-14

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