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ASX:LRM listed raised $5M at 0.20 for 25M shares. highlights 1....

  1. Tetris83
    372 Posts.
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    06/12/17
    16:52
    Post #: 29426495
    ASX:LRM listed raised $5M at 0.20 for 25M shares.

    highlights

    1. Progressing its Consuelo coal project located near Rolleston in Queensland Bowin basin. consisting of 3 exploration permits for coal. These EPCs are located a long strike of Glencores Rolleston project.
    2. deep ground survey completed.
    3. drilling has commenced at shallow coal bearing grounds.
    4. There were historical drill holes indicating coal with seems of 2m or more thickness. coal intersections over a 3.5m distance along strike.

    They know that there is coal there, they just dont know how much. Company is cheap at around a $7M market cap.

    thoughts guys ?
    LRM Price at posting: 17.5¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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1.3¢ 		Change
0.000(0.00%) 		Mkt cap ! $7.351M
Open High Low Value Volume
1.3¢ 1.3¢ 1.3¢ $660 50.74K

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No. Vol. Price($)
5 1059614 1.3¢
 

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Price($) Vol. No.
1.5¢ 541604 1
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