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1.2¢ lcl resources limited

Good to see you back in action and onboard. One more day of tax...

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Seth Davis

8,090 Posts.

2569

27/06/22

15:24

Post #: 62229604
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Originally posted by fbx258: ↑

Extremely attractive down here, took a bunch on Friday last week near 034 and all the way up. This has to be one of the worse tax sellings i have seen in a long time.

Watching Billionaire Frank G, founder of Lionsgate, now starting a new Gold mining company. His last few were very successful. Along side him is Ian Telfer ex founder of Goldcorp. Aris Gold is their new vehicle and their flagship in in Colombia. I think it's fair to say that Colombia has risks, but like Peru, Chile and a few others, turned out to be non events. Having no congress as a majority, and needing revenues badly, i am not too concerned. USA is taxing miners and taking away permits in the case of TMQ. So equal risk around the place.

For 7m EV here, 18m cash, 2 years of burn. The risk to reward was last seen in the covid lows.

And now the options have all been converted, think 550k left ITM. Easy to clean up.

RSI 20... hard not to see a 50%+ bounce, back to 6-8c region

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Good to see you back in action and onboard.

One more day of tax loss selling so hopefully a few more cheapies before news flow kicks in with the new FY.

LCL Price at posting: 3.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $11.46M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.1¢	$29.02K	2.438M

Buyers (Bids)

No.	Vol.	Price($)
17	10012764	1.1¢

Sellers (Offers)

Price($)	Vol.	No.
1.2¢	509174	4

View Market Depth

No.	Vol.	Price($)
17	10012764	0.011
13	5080149	0.010
8	2074338	0.009
7	2052580	0.008
5	1790000	0.007

Price($)	Vol.	No.
0.012	279174	3
0.013	1218567	3
0.014	1000428	3
0.015	1798158	3
0.016	1318000	3

Last trade - 16.10pm 27/05/2024 (20 minute delay)


Last 1.2¢			Change 0.000 ( 4.55 %)
Open	High		Low	Volume
1.1¢	1.2¢		1.1¢	2504309
Last updated 15.59pm 27/05/2024 ?

LCL (ASX) Chart