This $1 million raise, if they ever get that much, is only going...

This $1 million raise, if they ever get that much, is only going into the pay packets of the directors and managers through to their contract renewals later this year IMHO.

That's all it's for.

They just want shareholders, and honest mum and dad investors, to pay for their rich lifestyles for as long as they can get away with, without drilling or doing anything else.

Has anyone ever seen or valued CG's home(s), car(s), holiday(s) and restaurant bills, and other lifestyle items. What is his address by the way?

And he is no longer on the council of Australia-Latin America relations, according to Linked-In. Were shareholders ever informed of this?

I'd say he is preparing an exit when his contract is up in September, and is winding this company down (and out). I think he's given up on this now, and on Latin America. I think he wants out.

I also believe this company will be in Administration by the end of the year, but probably well before.

If this raising is not successful, I think they will call in the Administrators by June 30.

LRS is over and done, unfortunately for the good people and honest investors who have been fleeced by this. Another one to put down to experience.

Gw