Just back from travel and missed the release today...
having now read through the announcement i believe people were scared away by the low gold grades and the ""massive drilling campain"" planned - the campain suggest a capital raising...
So we are where we are...if we hold above 2 cents then it will be ok...
I didnt buy-in to sell the fact"" today as the real money IMO is in the next 12 months to 2 years of reserve upgrades.
The new round of drilling is to target the zones not previously mined (remnant mining grades made up a big percentage of the JORC - no supprise in the results then?)so these will carry a lot more weight +5g/t Assay's and we should see the gold grade equivent increase markedly..
By the way i thought the release was right on the money..
Good by DT's and all the best to long term holders...
Cheers
RT
LRC Price at posting:
2.0¢ Sentiment: ST Buy Disclosure: Held