Unfortunately, LSR management have lost all there bargaining...

Unfortunately, LSR management have lost all there bargaining power.

No cash, no drilling prospects and a Chairman who has just watch $1,000,000 go down the plug hole.

Now the vultures, circle, watch and wait until the cash runs out.

Then a new company will be structured and a deal will be done with "sophisticated" investors from the broking fraternity.

The current mob of shareholders like myself, will just have to accepted they have lost on the spin of the wheel.

For all the enthusiasm, they could not find the gold in sufficient commercial quantities.