I agree, I brought in today for these few reasons. and will add when cash becomes available.
- lithium sector very hot and will get hotter every year as demand for lithium products grow.
- they have cobalt also another hot sector that will explode next year imo
- LRS has huge ground in Argentina with lots of money already spent on them.
- I'm looking forward to them defining a JORC early 2018.
- and also signing of a MOU this is key imo to the SP taking off
lets look back at what happened when a company signed a MOU
AGY
SP before signing a MOU 4.2c ,
Signed a MOU on the 20/3/2017 went on to peak at 35.5c
10 bagger plus from there low's. current MC 200 million
SYA
from 2.9c to 6c from a low of 1.1c
6 bagger with lots more in it imo, current MC 80 million
ASN
1.4c signs MOU on the 29/9/2017 goes mental
all the way up to 15.5c in only two months
10 plus bagger from lows, current MC 40 million
have not even drilled a single hole yet
LPD
was 1.2c
signs a MOU with galaxy resources
SP climbs to peak at 8.4c, current MC is 200 million.
so brings us to LRS
currently trading at 1c
imo if LRS signs a MOU I think the SP could run up to around the 4c mark
or a 100 million MC I don't think this is too unreasonable imho.
10 bagger from the lows.
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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($) | Vol. | No. |
---|---|---|
20.0¢ | 1359434 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 215700 | 0.175 |
6 | 630000 | 0.170 |
7 | 1125150 | 0.165 |
8 | 1918920 | 0.160 |
10 | 651683 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 1869389 | 8 |
0.190 | 3947046 | 21 |
0.195 | 3325980 | 9 |
0.200 | 2906221 | 23 |
0.205 | 1881708 | 11 |
Last trade - 16.10pm 07/11/2024 (20 minute delay) ? |
LRS (ASX) Chart |