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12.0¢ latin resources limited

While it's true what you say, it's very misleading.PSC wasn't...

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tweetie2000

384 Posts.

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14/08/24

14:38

Post #: 75203944
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Originally posted by onlystock: ↑

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.

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While it's true what you say, it's very misleading.
PSC wasn't able to sell its project at a high price because of the Lithium price used in its DFS but because the sale took place in April of 2022 when Lithium spod prices were multiples of the DFS price.

Any Lithium project in 2024 is only worth a fraction of what it would have been in 2022.

Last edited by tweetie2000: Today, 14:39

LRS Price at posting: 12.3¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 12.0¢		Change 0.010(9.09%)		Mkt cap ! $335.9M

Open	High	Low	Value	Volume
12.0¢	13.0¢	12.0¢	$1.832M	14.91M

Buyers (Bids)

No.	Vol.	Price($)
11	1426352	12.0¢

Sellers (Offers)

Price($)	Vol.	No.
12.5¢	297701	4

View Market Depth

No.	Vol.	Price($)
10	426352	0.120
11	1352682	0.115
31	1112242	0.110
18	1001091	0.105
48	2538359	0.100

Price($)	Vol.	No.
0.125	297701	4
0.130	1843013	21
0.135	787537	14
0.140	706800	10
0.145	344134	10

Last trade - 16.10pm 14/08/2024 (20 minute delay)

LRS (ASX) Chart