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2.13%

23.0¢ latin resources limited

you shouldn't even be worried about volume, that 1m order...

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Imiirasoli

685 Posts.

9

14/01/22

14:28

Post #: 58868288
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Originally posted by dawgfather: ↑

Why do you care about an arbitrary SP. You should only care about relative SP.

i.e. if you bought a stock for 2 cents and sold it for 4 cents, 4 cents is a relatively great SP.

If you want to go into technicals you'll need to go and look at RAS's SOI, it's fundamentally different to LRS (by a factor of 1000%).

The reason (IMO) that RAS is only a $10m company is their timeline. They have some rock chip results on their Halloysite play and have only completed one drill (that I can see?) for their gold deposit - i.e. RAS is a purely speculative play (to an even greater degree than we are).

If you forecast the future on their Halloysite play - they forecast drilling to commence Q1 2022 - which also probably means they won't even get any results until Q3 2022, and likely no JORC until Q4. This also assumes no further delays at the lab which are already processing assays at a snails pace for every company.

RAS are probably a similar duration behind us as we are behind ADN.

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you shouldn't even be worried about volume, that 1m order has been in and off since before the run to 10c. it's immaterial cause 50m -10m still puts buyers on top of sellers

LRS Price at posting: 3.5¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 23.0¢		Change -0.005(2.13%)		Mkt cap ! $644.7M

Open	High	Low	Value	Volume
24.0¢	24.0¢	22.5¢	$1.578M	6.802M

Buyers (Bids)

No.	Vol.	Price($)
29	315723	23.0¢

Sellers (Offers)

Price($)	Vol.	No.
23.5¢	971229	32

View Market Depth

No.	Vol.	Price($)
29	315243	0.230
34	601762	0.225
16	525229	0.220
10	365770	0.215
13	561255	0.210

Price($)	Vol.	No.
0.235	980916	32
0.240	1455908	24
0.245	1346725	9
0.250	908253	26
0.255	282753	6

Last trade - 15.22pm 06/05/2024 (20 minute delay)


Last 23.3¢			Change -0.005 ( 2.19 %)
Open	High		Low	Volume
23.5¢	23.8¢		22.5¢	2226289
Last updated 15.39pm 06/05/2024 ?

LRS (ASX) Chart

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