I have been thinking about the announcment today and i am not really positive about it!
I dont hold but i am not downramping as there is no point to downramp or otherwise at this stage!
LRC have previously announced they are purchasing new exploration leases and so these will need to be paid for and funded! I believe LRC will do a sweet deal at mates rates to get the funding as they are low in cash to advance any of their projects!
I hope for holders this isnt a big dillution at a cheap price! If anything a placement should be made to shareholders!
Rob
LRC Price at posting:
$1.88 Sentiment: None Disclosure: Not Held
