I sold at 77c, which was not by skill but more luck because I decided to shift $85k to MIN @ $17.
Watching from the outside now some thing do seem a little more concerning. The lack of drill results to extend mine life is a concern. However not a project ending thing.
What is of a real concern IMO Ron has promised a lot. Low CAPEX, Funding, Resource expansion etc .. With the view of heinz side the revised CAPEX figures show me that Ron is acting more like a used car salesman. The capex is what it is, but don't make wild bullish statements to only have the info be so so wrong.
The SP manipulation acting on behalf of insto's shows Ron may be struggling to cope with delivering share holder wealth with ethics as opposed to be submersed in to the world of fancy dinners and lunches with insto's and losing clear direction on what his moral and legal obligations are.
Obviously a large equity raise is required to supplement the debt ratio so the SP will be in the dog house until that happens.
I will 100% be looking at a re-entry point of 50-55c with the insto's once the CR happens.
LRV Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)