LCL 11.1% 1.0¢ lcl resources limited

starting to happen, page-37

  1. 4,334 Posts.
    I hardly think any comments on HC would move any share price in any direction.

    "So how do you like the 22.5c now?"

    Very happy about that treasure. I would like to see the share price closer to 50c before more capital raising and share dilution.
    Perhaps a discounted share purchase plan with attached free options issue to current shareholders might be a smart thing to do.
    Looking forward to the resource going to the proven JORC category this IMO will encourage institutional support and takeover offers also derisk it for me.

    I am wary of the fact the indicated and inferred resources don't always make it to the proven and measured resource (as just shown by CDU) so IMO still very much a high risk speculative share but with what seems like great potential. I wouldn't bet the farm on it just yet though.

    cheers


 
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