Nothing has changed with LRS except the share price 40 cents...

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