LRS General Discussion, page-17388

The exceptionally low volume prior to today had me thinking that a CR is possibly on the way. I remember the same pattern in early April 2023. Anyone can check the daily chart over this period and they’ll see the tiny volume that lead into the CR.

We have a full suite of executives now (which is a good thing as it’s necessary for us to deliver a successful mine), but also comes with a hefty bill.

Important to remember that a CR doesn’t have to be a negative. April 2023 CR was priced at 10.5 which was only a 5% discount to the last close price. After the CR, the share price never went backwards and actually climbed 300%+ in the following months.

Of course the share price doesn’t go up simply because a CR is run. It takes decent news flow + recovering spot prices as we found out last year.