I agree. I think lrs is undervalued. My concern is cash flow. An aggressive drilling campaign = a big spend. 2 mill finance in reserve. Just over $100,000 cash
A cr seems imminent. The recent investor presentation smacks of cr! The question in my mind is, how advanced are negotiations on sale of mineral sands? Could a sale in the very near future be on the cards. ?
My opinion a placement is going to be announced shortly. I hope before ann of claims but possibly shortly after. I realise a cap raise now would mean greater dilution but i think that would be absorbed by a greater increase on sp if ann came after cash in the bank.
Its also going to be a good indication of where we are at on sale of mineral sands. A large placement would indicate sale a long way off. A small placement would in my opinion indicate confidence in the sale of an assett shortly. As funds will be needed soon to fullfill the rather aggressive planned time frame.
I have no concerns on where lrs is heading. The only questions i have is how do i maximise my investment. I plan on doubling my holding, just want to pick as close to the bottom as everyone does. A cap raise soon and good ann could see fluctuation on a big scale in both directions ultimately in the northern direction i think.
Just thinking out loud and keen to hear other opinions.
All in my opinion good luck to all
- Forums
- ASX - By Stock
- Highly undervalued
I agree. I think lrs is undervalued. My concern is cash flow. An...
-
-
- There are more pages in this discussion • 2,302 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LRS (ASX) to my watchlist
|
|||||
Last
13.5¢ |
Change
0.010(8.00%) |
Mkt cap ! $377.9M |
Open | High | Low | Value | Volume |
12.5¢ | 14.0¢ | 12.5¢ | $1.700M | 12.74M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 121713 | 13.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
14.0¢ | 168074 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 121713 | 0.135 |
17 | 606182 | 0.130 |
15 | 722300 | 0.125 |
18 | 1075998 | 0.120 |
12 | 840039 | 0.115 |
Price($) | Vol. | No. |
---|---|---|
0.140 | 124074 | 2 |
0.145 | 391646 | 9 |
0.150 | 628991 | 15 |
0.155 | 779648 | 9 |
0.160 | 1288916 | 13 |
Last trade - 16.10pm 06/08/2024 (20 minute delay) ? |
Featured News
LRS (ASX) Chart |