The question is -Will LRS survive?. I spent an hour reading the article posted by Surfing 63.
<a href="https://smallcaps.com.au/lithium-stocks-asx-ultimate-guide/">https://smallcaps.com.au/lithium-stocks-asx-ultimate-guide/</a>
It is well written and reminded me of why I invested in LRS in the first place.
I cant make any excuses for LRS management - abysmal performance. However they have major tenements in prime South American Lithium country and I appreciate the difficulties trying to negotiate deals in these countries. My major concern is that the South Americans are not taking LRS seriously and will remain intransigent longer than LRS can remain solvent. Then the tenements are up for grabs to the highest bidder.
However at this point LRS still have the tenements and a JV partner must see the whole deal as a tasty morsel. If the tenements have any real value it would be easier for a potential JV partner to do a deal with LRS than take their chances in an open market situation.
I have no good information to base my opinion on so it is not worth much. One thing I am sure of however is that the share price would rocket if there was even a rumour of a JV partner. On its own LRS is a dead man walking and will just lapse into administration.
Just my thoughts. I am interested to know what others think is going to happen. Sure it is speculation but it does no harm.
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Last
16.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $560.2M |
Open | High | Low | Value | Volume |
16.5¢ | 17.0¢ | 16.3¢ | $2.888M | 17.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
16 | 2375951 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
17.0¢ | 1225997 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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 |
Last trade - 16.10pm 27/11/2024 (20 minute delay) ? |
LRS (ASX) Chart |