I'm a lot more conservative in my short/medium-term price target (still optimistic/bullish/holding etc).
JORC will take us to ~8-12c.
Completing DFS will take us to ~20-25c.
A sizeable binding offtake for noombenberry would take us to ~25-35c
Lithium +5c since I think the idea of the project is somewhat priced in
Similar for gold (+3c)
And yes I've factored in the dilution factor from options, and if ADN is anything to go by being a multi-asset, multi-national resource company will be a far, far more robust investment if there are any cyclic disruptions from the global geopolitical landscape.
And generally as a value investor as opposed to day/momentum trading, I don't like seeing insane share price whiplash every other month even if at the back of my mind I know the trend is up as LRS is delivering its project milestones and owns great resources.
Exciting Times Ahead, page-9
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Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $559.8M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.8¢ | $22.94M | 114.8M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 35 | 13941804 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 138281 | 1 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |