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Outatime55

236 Posts.

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02/08/23

20:29

Post #: 69123881
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Originally posted by Melen100: ↑

I'm down a lot more than that, here's what I am thinking.

Bad scenario, that michelred touched on, owners of Luz maria sold to XTC trying to cash in on LKE's MC rise, the previous owner, now a director, didn't get the US$10 million but settled the balance cash and 1 billion shares, there is broker data a few months ago showing 500 million were dumped via the US anonymous broker crashing the SP.

maybe that was said director, I dont know.

They do a crazy raise and get a few mill only, the land is sold back to the same directors' web of companies at a discount, we get fleeced and said person keeps the millions and his land back to do a rinse and repeat in the future...that's a crazy conspiracy theory I know.

Better scenario, they get 5 million in CR, forced to do something like drilling the land we have, who knows maybe 10 million. 45 million, well we would have time to wait this out for a few years.

What will drive the SP is simply a maiden LCE resource, at this rate it could be years. Opening offices in the desert will not drive this higher.

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not so crazy in my mind. the directors that were real have taken the money and run for the hills. the ones that are remaining aren't real or are untouchable in Australia.

this may have been a scam all alone riding on the coat tails of LKE, that's why LKE was referenced in every announcement until they started to tank.

I can't believe these companies don't get investigated and prosecuted

XTC Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
8 Upvote

1 Great analysis

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