cap raising....., page-3

John/Meerkat

Interesting to note that the momentum driving LSR up to 14c today stalled following the announcement from CYS that their Doolgunna drilling failed to find anything significant.

I guess that's the danger of trying to plan a potential capital raising around the possible success of others like SRI or CYS. It won't take much to take the heat out of the wannabes, just need another couple to follow the CYS results. Not saying that its game over for CYS but a lot of the hype related buying will now be gone.

LSR will need capital at some stage. As dicussed previously, it all comes down to timing and the risk-reward trade-off with respect to the level of dilution pre and post drilling results. The corporate strategy should focus on what they can control with respect to timing and self-promotion rather than relying on stuff out of their control, like the results from others.