You mentioned abandoning LSR to buy AUZ Strauss. Now that really surprises me! What's your reasoning?
The 2 companies are not brothers. They are not even related. They are different races and have different creeds too.
Compare theses things:
1. numbers of shares on issue
2. market caps.
3. tenements.
4. ownership of the tenements.
5. gold findings already.
6. base metals prospects.
Chalk and cheese I reckon when you have a decent look. Oh yes, money in bank too.
In the short term though it's about finding more gold. You must think that AUZ has a much better chance. I don't!! LSR has very good au readings already where the anomaly is, so the chances of hitting the source are pretty good imo.
2 June 2016
'The IP survey was completed across the 3km area of the main supergene gold drill intercepts. The survey has identified a strong chargeability anomaly on 69700N (local grid) below and south east of the line of drilling (see Figures 2 and 3). The closest RC drill hole to the anomaly (LNRC010) intersected widespread, weakly disseminated pyrite mineralisation, thought to represent alteration within an extensive, gold-bearing hydrothermal system. Significant supergene gold mineralisation was characteristic of this drill section and potentially represents a dispersion halo from a nearby bedrock source. The IP anomaly is therefore a priority target for follow up RC drilling."
See if you can find that sort of info on AUZ!
LSR Price at posting:
2.4¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)