LCL 4.55% 1.2¢ lcl resources limited

Another trying to flog a dead horse... welcome aboard. Brace...

  1. 329 Posts.
    lightbulb Created with Sketch. 71
    Another trying to flog a dead horse... welcome aboard. Brace yourself though, this is not your normal gold stock, many have been blindsided by the current management.

    Have a good read on this page: https://news.mongabay.com/2022/08/a-13-year-fight-against-gold-mining-in-colombian-community-marches-on/

    This might explain why there is such a drop in share price. The gold in Colombia is nothing if it cannot be mined, especially if it's under the Indigenous land. All the money spent in Colombian exploration got flushed down the drain.

    Regarding the nickel, it depends on whether you want to believe they found a nickel mine just because of some rocks in the creek. Still early days, but it is going to be a painful ride to put a punt in this company.
 
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1.2¢ 1.2¢ 1.1¢ $2.643K 240.2K

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Last trade - 15.59pm 16/05/2024 (20 minute delay) ?
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