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.
I'm a lot more conservative in my short/medium-term price target...
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add LRS (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $517.8M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.0¢ | 17.5¢ | $2.039M | 11.17M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 144143 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 2098329 | 16 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| LRS (ASX) Chart |