While the tax loss selling will end after next week, and LRS likely has its fair share of bag holders, I am not convinced we will see much support until the underlying chemical prices put in a decent base and then increase.
Not convinced releasing DFS or any offtake news into the current market climate will do much for the SP.
This has 2018 - 2020 written all over it and based on that timeline it could be a tough next 6-12 months.
IMO
LRS General Discussion, page-18167
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $468.9M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $927.3K | 5.545M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 532043 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 1447065 | 20 |
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| Last trade - 16.10pm 17/07/2024 (20 minute delay) ? |
| LRS (ASX) Chart |