LOT 2.33% 22.0¢ lotus resources limited

Morning all.I borrowed this from Pete on the bird.Had to chuckle...

  1. 4,265 Posts.
    lightbulb Created with Sketch. 6419
    Morning all.
    I borrowed this from Pete on the bird.
    Had to chuckle at it.

    https://hotcopper.com.au/data/attachments/3575/3575512-6baec1bcc248902ad8ace6f8039447cd.jpg

    Last Friday nights move by Sprott certainly put a rocket under the U price as well as the change in fundamentals already underway.

    I was looking back over their previous pressos and couldn't help myself to post some pics that I think are relevant to where this could be heading from here.
    I think they will be taking option 2 and bet the drilling will be accelerated.

    https://hotcopper.com.au/data/attachments/3575/3575516-ce72bf5c995dfbb1f1712b8ffe95d789.jpg

    Revised project economics to support financing and offtake?
    Well I bet that little issue has changed meaning just in the past week alone.

    https://hotcopper.com.au/data/attachments/3575/3575522-e204de2fa6da265bf2a0846ab580b245.jpg

    Little to no exploration in more than a decade, despite numerous near mine drill ready targets?
    I think that is about to change too.

    https://hotcopper.com.au/data/attachments/3575/3575523-bd451d160b7fe4317dbb00df84798e71.jpg

    I am also betting the feasibility study will move quickly and the lights will be turned on sooner rather than later.

    Kind regards, Wack.
 
watchlist Created with Sketch. Add LOT (ASX) to my watchlist
(20min delay)
Last
22.0¢
Change
0.005(2.33%)
Mkt cap ! $402.9M
Open High Low Value Volume
22.5¢ 23.0¢ 22.0¢ $567.0K 2.535M

Buyers (Bids)

No. Vol. Price($)
13 221600 22.0¢
 

Sellers (Offers)

Price($) Vol. No.
22.5¢ 284100 11
View Market Depth
Last trade - 16.10pm 09/08/2024 (20 minute delay) ?
LOT (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.