LMR 0.00% 5.7¢ lemur resources limited

Furniture We all understand LMR is trading at less then the cash...

  1. 591 Posts.
    Furniture

    We all understand LMR is trading at less then the cash backing.

    But they are not going to invest in speculative stocks on a trading basis as you are suggesting. If you read Anthony's response to a poster here on HC you would have realised that they are looking to buy distressed assets, a much safer investment for the going concern for Lemur Resources.

    I also noticed you posted that you have held for two weeks, which in a large majority is a ST hold.

    So please, have some patience. IMO this stock will eventually trade at the cash level and even if that is one year from now, it is a great return on investment.

    Thanks.
 
watchlist Created with Sketch. Add LMR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.