LRS

5.56%

17.0¢ latin resources limited

Well I just checked and Sigma, a producer, is down from ATH...

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Hottin

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25/06/24

00:18

Post #: 74469441
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Originally posted by dawgfather: ↑

I said a few weeks ago that sentiment was in the gutter. It's actually managed to go a level lower than that, whatever that is. Potential downside if LTR fails to secure it's funding and in general if PLS breaks the $3.1 level this week, the sector will follow.

The only companies that have managed to remain above their 52 week low from earlier this year are LRS, SGML, LTR, WR1, WC8, A11, SQM and BYD. At the same time there are now 16 companies that have made new 52 weeks in the last month, total massacre.

LRS needs the Sigma share price to hold up from here (we are tracking them very closely - we tend to trade at an average of 25% of SGML's market cap - which is where we closed on Friday. If Sigma goes lower, my assumption is that we will follow).

In terms of catalysts for LRS, there isn't much on the horizon for the next 4-6 weeks that I can see, except Planalto assays. I dont't expect to see the offtake and/or DFS until some time in August. One thing I've lost track of is the bulk MET test work - I think these have been underway - but not sure whether they are releasing these as a stand alone item or just within the DFS.

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Well I just checked and Sigma, a producer, is down from ATH approx 70% and LRS 58%.
Yep I'm convinced, someone here might be right there could be more pain before the gain. hmmm

LRS Price at posting: 17.5¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 17.0¢		Change -0.010(5.56%)		Mkt cap ! $475.9M

Open	High	Low	Value	Volume
18.0¢	18.0¢	16.5¢	$1.608M	9.399M

Buyers (Bids)

No.	Vol.	Price($)
26	2237794	16.5¢

Sellers (Offers)

Price($)	Vol.	No.
17.0¢	250000	1

View Market Depth

No.	Vol.	Price($)
26	2237794	0.165
23	1549645	0.160
8	729812	0.155
19	872117	0.150
7	836904	0.145

Price($)	Vol.	No.
0.170	250000	1
0.175	673776	7
0.180	965644	8
0.185	817682	12
0.190	702951	11

Last trade - 16.10pm 28/06/2024 (20 minute delay)

LRS (ASX) Chart

Well I just checked and Sigma, a producer, is down from ATH...

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Well I just checked and Sigma, a producer, is down from ATH...

Top Stories

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Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

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Microcap Wrap: 5 explorers with news out today

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