Hey All,
I found myself sitting at the computer equally unsettled as many other LRS holders may be. Not knowing when news was coming so I thought I would give Chris Gale a call and see if he could give me an update. I had never spoken to the man before but he was very honest and helpful. Below I have listed a few dot points that I found important for the future of the company, they are not direct quotes but rather excerpts that I pulled from our conversation:
- (Most important) Yearly report is expected by weeks end, next week at latest.
- A follow up review of the report should arrive roughly a fortnight after.
-Llo este 4 holes due in roughly 2 weeks.
-Still waiting on the 700,000+ grant to be received
- The board are focusing their efforts on Este due to the current mining environment and MOU/joint ventures currently running there.
-No bad blood with Junefield! just to many board members and needed to cut down.. decision was mutual and junefield haven't sold a share in a long time.
- 78% of the lrs register is held by the top 50 shareholders and none of the top 20 are selling. TIGHT REGISTER
-He couldn't tell me anymore due to the yearly report coming out soon but said I should call again after the report.
This is my personal research and not to be Quoted or used as financial advice. DYOR
GLTAH!!!!![]()
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