LRS 11.1% 16.0¢ latin resources limited

So price finally got down to cover the 6 to 6.1 gap and got...

  1. 5,918 Posts.
    lightbulb Created with Sketch. 1830
    So price finally got down to cover the 6 to 6.1 gap and got shaken as low as 5.8.
    Bounce now on again - someone looking for supply.

    6 cents has been a recurring resistance level, so if we can hold above it and push up, this will be positive. Unless news has leaked I personally find it hard to think its a good idea to sell now. And even if the report does not deliver to expectations, which may be over hyped, the possibilities of further ground and more drilling in the future means this is a solid longer term play.

    If I were the Company I would be looking to release the report, PLUS a couple of other releases on progress on other projects, which we have heard very little on for some time, and inject some fire into the SP and then raise some further money for more drilling on Noombenberry and gold projects. I know options are being exercised and I know they raised $5m at 3 in December, but drilling costs $'s and if you can raise more on a higher SP, they should do it to advance projects.



 
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16.5¢ 1202344 3
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