Yes i do not hold LRS, But i hold PLS. LRS on its own would never generate dividends in my opinion, The dilution to get it off the ground, Money needing to pump it into production would diminish the price point even further without PLS. Given the current conditions LRS might have even needed to give up on the likelyhood of it coming online at all!
This was a lifeline for your stock, Not a hinderance. Choose to hold LRS till the acquisition is complete and you end up with PLS shares, And in say 5 years time when the prices lift even slightly PLS will reward with dividends, as displayed in the capital management framework. As for if LRS went on their own, theyd only be looking down at the barrel of production by then.
Yes i do not hold LRS, But i hold PLS. LRS on its own would...
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Last
18.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $518.2M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.8¢ | 18.0¢ | $1.230M | 6.659M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 3208042 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 4120 | 2 |
View Market Depth
| Last trade - 16.10pm 18/10/2024 (20 minute delay) ? |
| LRS (ASX) Chart |