The company is progressing from an explorer to a developer. This...

The company is progressing from an explorer to a developer. This involves a lot of drilling, more personnel, admin etc. Alll costly when you have no revenue.

The old have enough money until so and so often quoted is if they were to run down to zero.

That never happens as the ASX has the appendix 5b in the quarterly reports to warn of this.

It is pretty clear LRS is moving from explorer to developer at a rapid pace and this is not cheap. If we want to hit 2026 production then they need to go hard.

Lots of drilling, lots of studies to pay for, new Executive appointments etc etc etc. All $$$$$$$

No one here expects spending to drop given the commitments made do they???

If they spend at the same rate as the Dec qtr it is clear that in the next 5b they are flagging a CR sometime before the June 5b is released in July.

CR June / July??? Could be nasty with Tax loss selling.

If they have spent more than the Dec qtr, say $18m then we are already going to have to tell the ASX what its the plan? Raise or cut back spending??

A few numbers below.

IMO