from what I've looked back with LRS, it was trading at 2 cents...

from what I've looked back with LRS, it was trading at 2 cents in January it did its drilling program
and although the grades were pretty decent the thickness of the intercepts were too thin.
I still think for a first drilling campaign the results were not that bad really and certainly did not warrant the massive drop in SP, also the hype and demand for lithium was not as strong during this period.

so to be sold down from 2c to 0.004c was an over reaction imo, they have only drilled a tiny portion of the large land holding they have, theres much more potential for higher grade and thicker intercepts to come.

LRS kind of reminds me of a monopoly game strategy
- you buy as much land and houses as you can at the start and not worry so much about keeping cash
- once you have claimed as much land as you can you increase you cash reserves.
- LRS have a monopoly of land now in Argentina just need more cash to win the game lol.