LCL 11.1% 1.0¢ lcl resources limited

starting to happen, page-38

  1. 12,503 Posts.
    WF, now we are on the same page, discussing only the company.

    Agree with 50c before next round of CR. A massive 50000m drill program is planned in Q4, so they may need $10m? and agree with going to shareholders this time for funding. Option attachment is certainly appealing, best issuing more MNCO to increase the liquidity.

    let's say 25ml @ 40c. 860ml shares on issue after CR, let's say 350ml MC, that is still valued at only 4.5c/lb. Shouldnt be too hard of a mission if the company can do rounds of PR to increase the market knowledge & awareness of how undervalued MNC is. And that hasnt taken into account of potentially massive resource increase after the phase 3 drilling. Imagine we are getting one step closer to unveiling 2bt resource.
 
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