LSR 0.00% 0.1¢ lodestar minerals limited

Ann: First RC Results from Gidgee Flats Extend Strike 50%, page-17

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  1. 796 Posts.
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    I do not think that the management is trying to deceive investors. As we all know, RT has recently converted 25 million options at 3 cents ( when the share price was just around 2 cents) a few months ago. About two years ago he provided a $1 million loan and then converted all into shares subsequently. Recently, another director has bought shares on the market. The company rarely comes to retail holders asking for money. I think they do believe in the story and probably has a very good reason for that. I still believe that a good announcement will come out soon so that all 20 million options( due to expire on 31 December 2018) at 5 cents will be converted into shares by the end of December.
 
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