LRS 5.26% 20.0¢ latin resources limited

Ann: Company Update, page-32

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  1. 4,994 Posts.
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    I think the stock will drop tomorrow up to 25% , towards 0.06 as there was 40m shares traded before the trading halt and you would have to think a lot of it would of been short term traders playing it for 10% , or .1 turns that may need to get out to settle their broker accounts.

    I also think if the delays were probably because they had hoped to be in a position to announce something , but are not quite there as yet.


    Over the longer term if they can achieve either or even both of the points the update referred to you would expect a price rise as referred to in the announcement as material

    I couldn't care less if it drops , in fact if it does go below .006 i will buy more as over the longer term it sounds positive

    The key words for me , are various transactions , and material impact.  

    "The Company is currently negotiating various transactions which, if completed, could have a material impact on the price of value of the Company’s shares'

    The type of transactions appear to be a  Joint venture, and  or off take agreements

    'preliminary discussions only with a number of different parties in relation to potential joint venture agreements or off take arrangements in respect of its lithium assets in Argentina.
 
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Last
20.0¢
Change
0.010(5.26%)
Mkt cap ! $560.2M
Open High Low Value Volume
19.0¢ 20.0¢ 18.8¢ $3.328M 17.22M

Buyers (Bids)

No. Vol. Price($)
5 906298 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
20.0¢ 1359434 12
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Last trade - 16.10pm 07/11/2024 (20 minute delay) ?
LRS (ASX) Chart
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