LRS 0.00% 17.5¢ latin resources limited

NO idea what the MRE will do to the share price this month. I'm...

  1. 9,517 Posts.
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    NO idea what the MRE will do to the share price this month. I'm assuming that the MRE is unlikely to be as exciting as previous upgrades as there won't be huge increases in tonnage.

    I guess there could be some upside if some investors want to see how big our Reserves will be before buying (but I don't expect there will be many ppl in this category).

    I'd say the big money is waiting to see what happens with offtake prepayment and debt funding.

    I'd like to see the offtake announced sooner than later because if we end up with a prepayment close to $100m from a big player, it is naturally going to attract some big money to our stock.

    There shouldn't be any issues getting the $253m needed to fund the capex. It's a relatively very small amount of capex to fund (LTR needed $1bn for capex).


    Last edited by dawgfather: 17/05/24
 
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