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
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- That is a very good deal for shareholders
Graham and CO The agreement by the largest LRS shareholder...
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Last
14.5¢ |
Change
-0.005(3.33%) |
Mkt cap ! $426.9M |
Open | High | Low | Value | Volume |
15.0¢ | 15.3¢ | 14.5¢ | $460.2K | 3.076M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
52 | 1925288 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 737151 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
52 | 1936384 | 0.145 |
43 | 2807175 | 0.140 |
21 | 1322563 | 0.135 |
16 | 907654 | 0.130 |
10 | 290828 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 737151 | 24 |
0.155 | 1098479 | 16 |
0.160 | 1852767 | 20 |
0.165 | 1613331 | 21 |
0.170 | 1357163 | 25 |
Last trade - 12.34pm 29/07/2024 (20 minute delay) ? |
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LRS (ASX) Chart |