LGR 0.00% 2.1¢ lanka graphite limited

Ann: Business Update, page-18

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  1. 4,846 Posts.
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    LGR should have enough cash to continue until the end of next QTR after raising around $166k (after costs) in the recent placement,

    I honestly thought they were going to raise a decent amount of money in the recent placement,
    One that would fast track the mining in Sri Lanka. any progress on this will have a positive impact on the SP.

    I don't have a significant holding in LGR, I am not planning on averaging down any time soon,
    I suspect the SP will drift lower by the fear of the director resignation and recent board changes.

    I hope you have a good long weekend too.
 
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