LRS (ASX) LRS chart

Originally posted by irickychong: ↑

I invested because due to the Halloysite deposit and how it was comparable with ADN at the time. It was at least 5x to 6x marketcap less than ADN.

When I received the news letter it was approx 6.2 cents "We expect it might take a few trading sessions for the fast money and day traders to finish their post announcement activity on LRS before it can start its move up." I had a assumption that 6cents was it's low point.

From that point onwards after ANN's was being released all positive but the market didn't agree and stock price just went down hill...

I know R&D is being funded by options, again it had me believe that management won't do this unless they are confident in their approach which when this was released stock price was 4.4 cents...

Prior capital raise was at 3 cents and I had a bias that at this stage it couldn't go lower than 4's due to the progression of drilling's + R&D.

I also had a Bias that if you believe your "resources" are better than your competitors you will do anything to beat them and advance your company.

https://catalysthunter.com/mining/lrs/halloysite-heavyweights-go-head-head-lrs-vs-adn/

The issue is that us retailer's can't time the market properly, if we get it wrong it's catastrophic... Nothing worse than seeing a stock price rally when you sell.

Nothing has changed within the business, but good progression. How ever the stock price is trending down. While a previous Forum user had mention that C.G is using these companies to funnel his Lifestyle. With other companies his managing such as ASX:OAR and now Solis things got me questioning.

Check out this news letter if you haven't and the screen shots below...
https://www.businessnews.com.au/article/Gale-s-creditors-count-costsI think the best option is a take over for our Halloysite by ADN or a bigger mining company that specialises in Basic Materials or Concrete...

How ever I have learn't so much being in this stock and of course management...

Only time will tell...

Thanks to@MAX25

*****************************************************************************************************************************************************************************

Latin Resources Limited
Jun 2008- Present13 years 7 months
Perth, Australia
Latin Resources Limited is a mineral exploration company focused on creating shareholder wealth through the identification and definition of mineral resources in Latin America. The Company has secured over 101,450 hectares of exploration concessions in the lithium pegmatite districts of Catamarca and San Luis Provinces, Argentina.
The company also has a portfolio of projects in Peru and is actively progressing its Iron Oxide-Copper-Gold and Copper Porphyry projects in the Ilo region with its…
Chairman
Oar Resources
Mar 2019- Present2 years 10 months
Australia
Chairman
Solis Minerals
Oct 2018- Present3 years 3 months
Vancouver, British Columbia, Canada
Director Landrace Life Sciences
Landrace Life Sciences
Apr 2018- Present3 years 9 months
Australia, Uruguay

Member
Australian Institute of Company Directors
Jan 2012- Present10 years
Perth, Australia
The Australian Institute of Company Directors is the nation’s leading organisation for directors, dedicated to making a positive impact on society and the economy by promoting professional director education and excellence in corporate governance.
Executive Chairman
Allegra Capital Pty Ltd
Mar 2006- Present15 years 10 months
Perth, Australia
Allegra Capital Pty Ltd is a boutique investment advisory firm that provides funding facilitation, strategic advice and management services to business enterprises and entrepreneurs.
Chairman
Council on Australia Latin America Relations
Aug 2012-Jun 20185 years 11 months
Canberra, Australia
The Council on Australia Latin America Relations (COALAR) was established by the Australian Government in 2001 to enhance Australia’s economic, political and social relations with Latin America.
*****************************************************************************************************************************************************************************

Expand

"Nothing worse than seeing a stock price rally when you sell."
That is annoying but it's not the worst, it's worse when you don't sell and you watch it drop and drop until one day it goes into a trading halt and you find out that you've lost everything. Even worse if you had been averaging down.