Used the term CR loosely. Better term would be ‘capital requirements’ - which don’t have to be fulfilled through dilutiion of retail holdings, necessarily.
I agree capital is not needed near term however there are some aspects of the operation which will chew through cash at a reasonable rate over the coming 4-5 months.
Funding our $3m (over 3 years) Halloysite R&D project
Cloud 9 PFS and continued drills
Brazil expanded drilling program
Personally I’ve never taken the view that what I post on HC affects the LRS SP in any meaningful way. That’s pretty clear given I’ve been one of the most optimistic LRS posters on this sub forum for ~12 months now but for most of that time the SP was working inversely to my sentiment
No biggy when the company decides to raise funds - LRS is a long hold IMO, particularly when you consider we haven’t even shown the market what is under the hood on our second Lithium prospect in Catamarca Argentina (ETA this month for commencement) as well as our copper deposit MT03 in Peru which potentially holds a significant copper porphyry structure.
LRS chart, page-2908
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Last
21.0¢ |
Change
0.005(2.44%) |
Mkt cap ! $602.3M |
Open | High | Low | Value | Volume |
22.0¢ | 22.0¢ | 21.0¢ | $2.782M | 12.87M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 2761628 | 21.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
21.5¢ | 174554 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 2769164 | 0.210 |
8 | 2381967 | 0.205 |
17 | 5704175 | 0.200 |
18 | 2239764 | 0.195 |
16 | 2932987 | 0.190 |
Price($) | Vol. | No. |
---|---|---|
0.215 | 451485 | 4 |
0.220 | 4683188 | 21 |
0.225 | 2153791 | 16 |
0.230 | 2557000 | 21 |
0.235 | 3416102 | 24 |
Last trade - 15.58pm 07/10/2024 (20 minute delay) ? |
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LRS (ASX) Chart |