Any CR will happen after the JORC statement. Then people will see why some of us including management, believe this can be a World class project.
$8m in the bank, means there is no hurry.
William wants to maximise shareholder wealth and keep dilution to a minimum.
The great thing is, that we only have 95m shares and alot of sticky holders.
LEL is no where near fair value, but it will happen in the next few weeks and months. I.e the interim JORC and full JORC resource statement.
After that, management will have a number of calls from major players, either wanting the project or becoming a substantial partner.
Management have built a great team in Argentina and if they bring the right people onboard, could potentially take this to development.
Time will tell what actually happens, as we are all guessing on the future of LEL.
All I can say is, it's a great time to be a holder.
Strap in, as the fun is only beginning
LEL Chart, page-82
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Last
37.0¢ |
Change
-0.005(1.33%) |
Mkt cap ! $41.44M | |||
| Open | High | Low | Value | Volume |
| 37.5¢ | 37.5¢ | 37.0¢ | $11.81K | 31.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 42185 | 37.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 38.0¢ | 10374 | 2 |
View Market Depth
| Last trade - 14.17pm 05/07/2024 (20 minute delay) ? |
| LEL (ASX) Chart |