LSA 0.00% 5.0¢ lachlan star limited

Haha my comment was a day early. The sale was 7.5Million at 10c...

  1. 1,189 Posts.
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    Haha my comment was a day early.

    The sale was 7.5Million at 10c a share

    75,000,0000 shares.

    At current share price of 7c it only adds 5.2 million dollars onto the 9million dollar market cap.

    At current share price the companies market cap is $14.5 million.

    We have 4 million in the bank and are owed another 3.5 million of drilling by mi260.

    So the market is currently valuing our stake in Koojan, the full DevEX tenement package, Killaloe & Princhester at about under 7 Million.

    Seems pretty cheap if we get Tim Goyder on the board with that portfolio to work with.
 
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