I agree $5m is a bargain sale price , but really the 2 copper JV's and other copper leases that have not started any JV's is the real value LRS shareholders have to hold on to for the blue sky or a return to previous prices in their teens
The Market cap at 0.005 is less than $5m , so if they did sell Guado for $5m thats worth 100% of the market cap I agree it is poor , but would add at least 1 c to the share price in my view , and there is no way Latin can fund the cost of a plant of $30m to take it to production
Add the money from the R&D of $900k and whatever else comes in from the R&D and thats a lot of cash
On top of that they receive $1m from Zahena progressively and a $5m payment if a feasibility was undertaken
Thats almost 12m of cash with plenty of other projects still in the tin
Just cannot work out given all of that why the stock has 4m to sell at 5 and 3m went through at 4 today , doesn't make mathematical sense.
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I agree $5m is a bargain sale price , but really the 2 copper...
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Last
20.5¢ |
Change
-0.010(4.65%) |
Mkt cap ! $574.2M |
Open | High | Low | Value | Volume |
21.5¢ | 21.5¢ | 20.5¢ | $2.300M | 10.91M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 524382 | 20.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.0¢ | 308712 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 324382 | 0.205 |
10 | 3483920 | 0.200 |
7 | 658850 | 0.195 |
10 | 2562070 | 0.190 |
6 | 1331030 | 0.185 |
Price($) | Vol. | No. |
---|---|---|
0.210 | 297604 | 4 |
0.215 | 168763 | 4 |
0.220 | 2148680 | 11 |
0.225 | 1179030 | 5 |
0.230 | 1620242 | 15 |
Last trade - 16.10pm 04/10/2024 (20 minute delay) ? |
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LRS (ASX) Chart |