LRS 5.56% 17.0¢ latin resources limited

East Tenement / Brazil Tenement discussion, page-2

  1. 9,481 Posts.
    lightbulb Created with Sketch. 4896
    Apologies the purple tenement area was drawn incorrectly - now corrected:

    I hate baseless theories, but is it just a coincidence that this tenement has been resized at the same time as we've gone into a TH for the JORC? Perhaps the JORC ANN will be closely followed by news regarding this eastern tenement?

    Here is the official report from the Brazil Govt dept:
    https://sei.anm.gov.br/sei/modulos/pesquisa/md_pesq_documento_consulta_externa.php?iPKNOI4i-Tt3bdeqzGJgGCgYH-B6kWAvCl8aH0kRl60e2mjtDiUZxxQoWUqO547jThbA6INjovtbXbJFHyQfxZuK6KtBUOL8kTcLGBtSD9UnaZMJPbjSkMHam7_vhA9N

    I guess the question is who is taking the purple (30%) section and who is taking/keeping the remaining 70% section in red diagonal stripes.

    I have superimposed the purple (30% area over a satellite image of our drills so far to give context. In the hypothetical scenario that the new southern drills don't find anything significant, then it would make sense that this purple area may be being carved out for Jose Silva Lapas to run his granite quarrying business there. In the same scenario it would make sense that the 70% area (red diagonal lines) would be of benefit to LRS, as we know the pegs up there run into the eastern tenement.

    https://hotcopper.com.au/data/attachments/4895/4895652-4d9632d8d3f518eed779b912fc640920.jpg

 
watchlist Created with Sketch. Add LRS (ASX) to my watchlist
(20min delay)
Last
17.0¢
Change
-0.010(5.56%)
Mkt cap ! $475.9M
Open High Low Value Volume
18.0¢ 18.0¢ 16.5¢ $1.608M 9.399M

Buyers (Bids)

No. Vol. Price($)
26 2237794 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 250000 1
View Market Depth
Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
LRS (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.