Hey LepanicI also dont like the full on ramps, organised ones...

Hey Lepanic

I also dont like the full on ramps, organised ones and especially with the usual suspects we see blow in on the day, do 20 one line or 2 line ramps on it...then disappear.

I dont hold this one but if look back over the LRC and SPP posts as it had a name change....a lot of the posts today we're from holders who have been holding, buying for a few months.

Also...I reckon a ramp is a true ramp when there is not a lot of info to go on, so is highly speculative, rumour based etc.

LRC just released news and it wasn't "rock chip samples".

Also...they got their standard ASX query today and as it rarely happens, management had a good reply to the ASX.

I thought the ASX query was pretty silly since the day before and 13minutes before the close of the market on that day, there was an announcement regarding the gold project.

Gold has held its $1000 an ounce well as we have noticed.

The share price today didn't go up 400% or more...66% only.

Shares on issue...approx 700 million with 600 million held by the majors.

So all in all, I personally am not putting this one down as a pump and dump.

Had it gone to 5c and fallen to 2 or 3....yeah...lot of dumping there but may just be in the process of being noticed by the market as having potential with news / ASX query with solid response all within the last 24 hours.

It could be an interesting one to watch as a proper re-rating might see a minnow like this with only 100 million shares for the broader market, gold around $1000 an ounce and a bit of cash in the bank really make a move up multiple times its share price.

I'll be digging deeper info wise and take a position I reckon.

Cap raising could come also but its price depends on where it will be down the track.

I personally hate ramps and pump and dumps but re-ratings or re-valuing a stock by the market is a lot dofferent in my books and this one has the re-rating flavour to me.