Graham and CO
The agreement by the largest LRS shareholder Junefield to convert $1.5 million of debt in to shares at 2 cents is very positive deal for them , and also for us loyal LRS shareholders .
The company obviously has quality assets in Peru but is totally on the nose ,with its share price less than 1 cent
To get rid of $2.5 m debt , $500k now, $1.5 million at 2 cents per share and then $500k unsecured on a deferred basis for 18 months is a terrific result for all parties .
Junefield deserve to take what is really cheap stock at 2 cents based on their long term support of the company
Now all they need to do is get a deal done on Illo Sur, Illo Este , JV Illo Norte or find a JV partner on Guado and the 2 cents premium they are accepting now for the debt repayment will be rewarded in my opinion
Will be a buyer again in the morning
- Forums
- ASX - By Stock
- LRS
- That is a very good deal for shareholders
That is a very good deal for shareholders
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LRS (ASX) to my watchlist
|
|||||
Last
17.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $475.9M |
Open | High | Low | Value | Volume |
17.0¢ | 17.5¢ | 16.5¢ | $3.506M | 20.69M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 170000 | 17.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.5¢ | 1113801 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
21 | 898331 | 0.165 |
26 | 1460255 | 0.160 |
22 | 1027199 | 0.155 |
47 | 2975655 | 0.150 |
15 | 1203293 | 0.145 |
Price($) | Vol. | No. |
---|---|---|
0.175 | 1110854 | 12 |
0.180 | 1103673 | 12 |
0.185 | 957474 | 14 |
0.190 | 333132 | 11 |
0.195 | 524626 | 12 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
Featured News
LRS (ASX) Chart |