LAT 8.33% 13.0¢ latitude 66 limited

management buying, page-14

  1. 4,068 Posts.
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    Yep, I think we're beginning to see LAT becoming right-footed at last.

    Instead of lurching from one dilutionary raising to the next (with perhaps too little productive activity in between...and always an air of defeat!) now maybe we can look forward to some fresh, reinvigorated approaches.

    Certainly the reawakening of the gold price (last night's close in excess of US$740/oz) is a plus...and there's no doubt the Paron asset has always been ludicrously undervalued by the market.

    But for mine, the strongest tell-tale indicating a change in the Company's fortunes is the fact that since the announcement of the latest placement three weeks ago, we've seen solid on-market support for the shares at a healthy premium to the 4c issue price.

    Always a good sign.



 
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