LRL 3.85% 25.0¢ labyrinth resources limited

Ann: Notice of Annual General Meeting/Proxy Form , page-7

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  1. 4,966 Posts.
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    re: Ann: Notice of Annual General Meeting/Pro... Agree that it's not a good look that Camac are selling before drill reaches target.

    I don't think Camac have to give the shares back on a no vote, just restricts future placement capacity I think.

    They may want or need the money for a host of reasons. Could they know for certain what's down there?

    The company should have paid 100% cash or had some selling restrictions on the shares/made them performance related imo, asked what Camac's intentions were.

    Appears plenty of buyers to have a punt having soaked up most of a large overhang in October.

    Buyback safety net, still near cash backing if wells are no good. I reckon into the twenties before news if volume doesn't tail off.
 
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Last
25.0¢
Change
-0.010(3.85%)
Mkt cap ! $30.43M
Open High Low Value Volume
25.5¢ 25.5¢ 24.3¢ $16.6K 66.24K

Buyers (Bids)

No. Vol. Price($)
1 20400 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
25.0¢ 39614 1
Last trade - 15.53pm 15/11/2024 (20 minute delay) ?
LRL (ASX) Chart
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