LDR is trying to sell a dream, but the numbers just don’t add up. Let’s break it down:
Zero Resource – LDR has a market cap of $18 million, yet it hasn’t even defined a JORC-compliant resource. No confirmed tonnage, no grade estimates, just empty promises.
No Liquidity, with such low trading volume, investors are stuck holding a stock that barely moves. Try selling a decent-sized position and see what happens!
Tasmania = Nightmare for Mining – Tasmania has the strictest mining regulations in Australia and some of the strongest anti-mining sentiment from local residents. Many projects have been delayed or blocked here, yet LDR claims it can reach production next year? That’s pure fantasy.
Mining Takes Time – Even well-funded companies with JORC resources take years to progress through Scoping Studies (SS), Pre-Feasibility Studies (PFS), and final approvals. LDR hasn’t even completed the basics, yet they’re talking about production in 2025? Delusional or deceptive?
At this point, LDR looks more like a promotional story than a serious mining company. Before buying into the hype, investors should ask: Where’s the resource? Where’s the funding? Where’s the feasibility study?
Don't get fooled.
LDR Price at posting:
11.5¢ Sentiment: Sell Disclosure: Not Held
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