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0.9¢ lcl resources limited

Lovely turn of phrase, especially the bit with the market...

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pygmyhipppo

1,023 Posts.

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18/11/15

17:38

Post #: 16426007
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Originally posted by Japan Specialist ↑

Nothing will overly surprise me with this stock as the timeline has been dragged out for way too long IMO. They have been going on for years about making a deal with LC and still continue to do so.
All we know right now is they are now in the final stages as the only other option is to collapse into oblivion. If it is oblivion the BOD will just quietly go to their multi million dollar homes and look for the next putz to invest in their ideas.
If only they had preserved the money a bit better and had $5m sitting in the bank from all the money they raised over the years we would be looking a lot better than half a cent IMO.
The fact that copper is heading towards $2 is not really too important as this mine is a few years away from production. The current valuation of MNC is only in the hope of LC getting a deal, the market has put no value in the company for Mollacas, the talent of the BOD or any of the other projects they have.
I just hope the people going to the site inspections see some value in LC and offer at least the enough so we can finish this torture.

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Lovely turn of phrase, especially the bit with the market putting no value on the talent of the BOD! That'll keep me warm on the long winter nights. Thanks, Japan Specialist!

MNC Price at posting: 0.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.9¢		Change -0.001(5.56%)		Mkt cap ! $8.201M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$979	109.3K

Buyers (Bids)

No.	Vol.	Price($)
9	3263597	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	198481	2

View Market Depth

No.	Vol.	Price($)
9	3263597	0.008
8	4878480	0.007
8	6430000	0.006
5	2645080	0.005
3	928763	0.004

Price($)	Vol.	No.
0.009	198481	2
0.010	2300800	4
0.011	2095077	5
0.012	1173905	5
0.013	1500000	1

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