LGR 0.00% 2.1¢ lanka graphite limited

Ann: Business Update, page-13

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,075 Posts.
    lightbulb Created with Sketch. 396
    It doesn't look great for LGR, the resignation of Jitto and Emily after the last raise tells me they couldn't secure the funding they needed to get this thing going.

    I like the assets, I dont like that they are on the hook for the Miniran payment but haven't been able to fund it.

    Market Cap is tiny and unlike that other SL mob they have a MOU for the graphite they produce so should see revenue soon after getting stuff out of the ground.

    All it needs now is a deal maker/promoter to get some funding and make it happen. Plenty of upside but plenty of risk.
 
watchlist Created with Sketch. Add LGR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.