When PSC received binding agreement from Huayou to buy Acardia project at 528M AUD for 87% holding ( 607M AUD for 100%), their SC6 reference price used in DoFS is only 892 USD. Acardia project resource level is quite similar to Colina project. Acardia has 72.5 mt @1.11% resource while Colina has 70.9mt @ 1.25% . Acardia project is in Africa while Colina is in Brazil. Everyone knows the risk level between these two countries.
Acardia project was sold for $607M, LRS MC is only $308M. LRS is much undervalued. Shorters can control price for short term, but they can't control it forever. I don't want to convince people to buy, but I want our long term holders here be patient. Your wrong decision will not only impact your future, but also impact holders here.
When PSC received binding agreement from Huayou to buy Acardia...
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Last
12.5¢ |
Change
0.015(13.6%) |
Mkt cap ! $356.9M | |||
| Open | High | Low | Value | Volume |
| 12.0¢ | 13.0¢ | 12.0¢ | $902.8K | 7.392M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 1439464 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 1958261 | 45 |
View Market Depth
| Last trade - 11.56am 14/08/2024 (20 minute delay) ? |
| LRS (ASX) Chart |