LRS 5.56% 17.0¢ latin resources limited

Given the price action on Friday, and now very thin sell side,...

  1. 1,486 Posts.
    lightbulb Created with Sketch. 276
    Given the price action on Friday, and now very thin sell side, think its very likely this will break through 28c easily and run to at least the 33.5c mark

    May pull back to the 28c mark for a breather before proceeding back to 40c and beyond into Q1

    With this new news and the Li bottom seemingly in can't see any reason for selling to come in from off screen at these levels. The buying has been relentless huge line wipes. Someone with deep pockets wants in and punters are willing to pay up while its still well undervalued.

    New governance on Li futures in China doing its thing with repeated limit up gains since Thursday

    More positive news flow to come through Q1 and by the sounds of it some newsworthy tier-1 offtake contenders should get us some buzz which never hurts as well

    Also expecting more drilling and acquisition news in new year as well ... expect we will be a 100mt resource by mid year with 16 rigs spinning

    a year ago you guys accused me of being a trader but happy to be a holder over 12 months later and will hold into production, we'll be happy to say we were here early a few years from now on this project.

    Great execution from the team, props to them.





    Last edited by shan_e: 10/12/23
 
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Last
17.0¢
Change
-0.010(5.56%)
Mkt cap ! $475.9M
Open High Low Value Volume
18.0¢ 18.0¢ 16.5¢ $1.608M 9.399M

Buyers (Bids)

No. Vol. Price($)
26 2237794 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 250000 1
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Last trade - 16.10pm 28/06/2024 (20 minute delay) ?
LRS (ASX) Chart
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