LRS 5.00% 19.0¢ latin resources limited

Ann: RIU Update Presentation February 2018, page-47

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  1. 909 Posts.
    lightbulb Created with Sketch. 38
    You’ve only been monitoring it since it was 0.003? No wonder you think everything is above board! Give it time.

    I’m not saying other spec stocks stick to time lines, of course it is going to be super hard to do that especially in Argentina.
    But LRS take the cake with the way they constantly quote drilling to commence by xy, jorc by next quarter and they are constantly and consistently way out.

    .jorc by first quarter 2017
    .jorc by second quarter 2017
    .jorc second half of 2017
    .jorc first quarter 2018

    They have previously announced drilling Maria would start in:

    .first quarter 2017
    .second quarter 2017
    .sept/oct 2017
    .late jan 2018
    .second week of feb 2018.

    This one if nothing else should stand out to everyone, how can you possibly get that so wrong and even when your two weeks out from supposed drilling commencement you are still wrong.
    Interesting that, that announcement was made days before a vote on incentives for the strong management team isn’t it.

    If you don’t believe me on those announcements go to the website and dyor you will be surprised.
    This company constantly raises cash and fails to use it for exploration it is just burnt on salaries and running costs and we are seeing that happen again right now.
    Like I said you can choose to see this one way or another but the people that have been here for a while know what this company is like.
    Last edited by Kyle323232: 22/02/18
 
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