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LRS

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20.5¢ latin resources limited

They don't hold 1.2 sq km. Have a quick DYOR and...

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MrQ

5,148 Posts.

272

14/03/21

22:06

Post #: 51758789
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Originally posted by sulphur25: ↑

Comparing ADN and LRS this is what I am seeing. I hold LRS and I'm down 5k but I'm going to give an honest opinion and not be biased because I hold the stock, just what I see with the results and the reality of the situation.

ADN initial results were no good (CW19...), however, their second results (CDW and CW) were fantastic and consistent meaning they hit the jackpot even though they only hold 1.2 square kilometres, it doesn't matter the size, they hit big at those two locations and the SP mooned.

LRS has 18 square kilometres and their first few drill announcements and results were decent, but not as consistent and high as ADNs second result, this is why LRS SP is currently sitting at 6c compared to ADN 32c. What does this mean for LRS and its future?
It depends. If the team can secure consistent drill results in a few areas like ADN have that are high and consistent we will not only surpass ADN SP, I see LRS SP closer to 50c in a short period of time because of the fact that we have double-digit square kilometres of further potential. The downside to a large amount of area currently is knowing where to look and it could be a hit and miss and costly trying to cover this whole area hoping to hit consistency. This is the gamble LRS and its holders are going to have to take and figure out the best way to fund for possibly many future drills. Personally, I like the stock, their position and potential so I'm holding.

That's it from me, just keeping it real.

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They don't hold 1.2 sq km. Have a quick DYOR and you'll realise.

LRS Price at posting: 5.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 20.5¢		Change -0.010(4.65%)		Mkt cap ! $574.2M

Open	High	Low	Value	Volume
21.5¢	21.5¢	20.5¢	$2.300M	10.91M

Buyers (Bids)

No.	Vol.	Price($)
3	524382	20.5¢

Sellers (Offers)

Price($)	Vol.	No.
21.0¢	308712	6

View Market Depth

No.	Vol.	Price($)
2	324382	0.205
10	3483920	0.200
7	658850	0.195
10	2562070	0.190
6	1331030	0.185

Price($)	Vol.	No.
0.210	297604	4
0.215	168763	4
0.220	2148680	11
0.225	1179030	5
0.230	1620242	15

Last trade - 16.10pm 04/10/2024 (20 minute delay)

LRS (ASX) Chart

They don't hold 1.2 sq km. Have a quick DYOR and...

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They don&apos;t hold 1.2 sq km. Have a quick DYOR and...

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They don't hold 1.2 sq km. Have a quick DYOR and...