Nothing has changed with LRS except the share price 40 cents down to under 3 cents
I remember all the cries of disbelief when LRS raised money at 3.8 cents when the stock was 6 cents and how cheap it was done at
Well you can buy a lot of shares now under 3.8 if you really wanted to
The good news is
LRS still have Guada , 10-15 Illo leases , a Brazilian lease and has had some promising drilling of Estes and Norte
The JV partner on Este is a subsidiary of a massive producer , and can fund or buy all of LRS projects in a heart beat
Take a read of the Southern Copper annual report and reference to Illo , and you can see they rate the area highly
In my view all is not lost at LRS , the price is terrible , but a market cap now of $8 million must be getting attractive to a larger player just to launch and take all of lrs hard work over the last 5 years for a steal
Shame really but there appears no market support and this is a real scenario
In the forum i suspect if an offer of say 7.5 cents was made ( 3 times the current price ) someone might get a controlling stake
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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) ? |
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LRS (ASX) Chart |