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LRS General Discussion, page-17388

  1. 9,436 Posts.
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    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.
 
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Last
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Change
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Mkt cap ! $559.8M
Open High Low Value Volume
20.0¢ 20.3¢ 18.5¢ $1.310M 6.694M

Buyers (Bids)

No. Vol. Price($)
1 3000 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 278379 7
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Last trade - 16.10pm 17/06/2024 (20 minute delay) ?
Last
19.3¢
  Change
0.000 ( 1.58 %)
Open High Low Volume
20.0¢ 20.0¢ 19.0¢ 2889360
Last updated 15.59pm 17/06/2024 ?
LRS (ASX) Chart
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