I held lrs for over almost 2 years and was finally able to exit at profit in January this year.
When I was holding I tried at least 10 times to get Chris on the phone as I had many questions about what the hell was going on and he never once called me back or picked up the phone when he was in the building! Nor did he reply to any of my emails, it was always he will call you back or he is out today but I will have him call you back and nothing, that in it’s self is a huge red flag.
I continue to post and follow the stock as I have never seen an exploration company so unable to progress, especially with the lithium market the way it is today it’s ridiculous and LRS continue to out do themselves in the worst way.
Not only that but also the fact that lrs raises over and over again each time diluting shareholders stock and continually fail to deliver anything with the money raised.
No exploration in over a year and they have blown over 5M is there any plausible explanation for this other than fraud?
Why is it that we never get an explanation for the timelines being pushed back over and over again.
Maria del huerto was supposed to be drilled on December 2016 and still has not been started, with no cash left to do so any time soon.
Lrs have said in announcements over 5 times that they aim to have a JORC by xy date since 2015 and still have not come close.
LRS are just not exploring at the moment 15 months since a drill was in the ground, so maybe they are waiting for the jorc to come to them?
The only people benefiting from this company are those on the lrs payroll and traders.
Go and have a read of this: https://www.moneysmart.gov.au/investing/investment-warnings/company-director-fraud
The resemblance to lrs here is uncanny.
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Mkt cap ! $560.2M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 19.0¢ | $2.883M | 14.53M |
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No. | Vol. | Price($) |
---|---|---|
7 | 818306 | 19.0¢ |
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Price($) | Vol. | No. |
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19.5¢ | 604771 | 6 |
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5 | 215700 | 0.175 |
6 | 630000 | 0.170 |
7 | 1125150 | 0.165 |
8 | 1918920 | 0.160 |
10 | 651683 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.185 | 1869389 | 8 |
0.190 | 3947046 | 21 |
0.195 | 3325980 | 9 |
0.200 | 2906221 | 23 |
0.205 | 1881708 | 11 |
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