Actually that is not quite correct. Prior to announcement it was 0.006, then pumped to 1.2 cents on announcement and now back to 0.003. I told you this week we would see 0.003 seller and we saw that today with a sale at 0.0025. Mountains of shares issued now at 0.003,;we saw huge dumps of 40 million today into 0.003, people seen it now already once bitten twice shy, I feel this week coming we will see big sales into 0.002 in my opinion. Yes the argument of possibly of going under is the argument here as to why they issued 1,199,999,999 vendor and CR shares at 0.003, maybe that would have been the case who knows, but the alternative as we are seeing now is not a great deal better. Possibly a consolidation of capital may be the best alternative here, I don't know, .
Its difficult for small cap explorers with little cash and huge amounts of shares on issue as is the case with LNR.
Good luck and hope they can get the heritage clearances sorted and get the drill bit turning . They need to so they can earn 70% of the project.
How long do heritage clearances normally take,??
LNR Price at posting:
0.3¢ Sentiment: None Disclosure: Not Held
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