LRS (ASX) Running Commentary On The Share Price

Originally posted by oznewinvestor000 ↑

I reckon some impatient holders are selling off today to take profit, very normal IMO, from the volume of last few weeks trading we can see that majority holders' cost is at about 1.2-1.5c, so I don't think our sp will go even lower than the current level.
It might take a few more days to consolidate at the price level of around 1.5c, and we won't be able to enter again at this level if any positive news released anytime from now, it could be tomorrow or later, but won't be long.

remember in the last ANN:

Managing Director Chris Gale commented, “Latin Resources has now set a strong foundation in 2017 to commence serious development of its lithium projects in Argentina. The plan to develop a JORC resource and then move into a pre-feasibility study proves to be exciting times for Latin in 2018. He went on to say, “the possibility of First Quantum drilling our copper project in Ilo along with our new sister company Westminster Resources developing our other Ilo copper projects adds further value to LRS with copper prices recently reaching 5 years highs.”

also as we were informed that quite a few jobs will be done in the 1st quarter (Please check the below we got it from the last ANN, positive ANNs will be released as well I believe), so why bothered by those impatient sellers?

Patient is virtue.

FROM LAST ANN:
UnCuyo University spodumene to lithium carbonate pilot plant build commenced
------- commence in January 2018

Loma Pelada, Catamarca.
-------- commence in the first-quarter of 2018

Maria del Huerto EIR
-------- commencing in late January 2018 once the drilling operator has been appointed

Exploration Concession Applications, San Luis .
---------High level discussions held with the San Luis Mines Department have determined that the concessions will be granted along with the EIA’s in early 2018.

La Rioja Cobalt project
--------- fieldwork will commence in the first-quarter of 2018 for further mapping and sampling to assist in determining drill targets.

Primero - High Level Scoping Study (this shows the potential)
---------The level of detail required for the study is to predicate a determination of the magnitude of CAPEX required for the processing Plant.

Westminster Resources Peru Copper asset sale
--------- to sign the final Sale Agreement by year-end.

First Quantum Minerals (FQM), Peru
---------The data will be analysed and on completion used to generate drill targets with the drill permitting to commence shortly thereafter.

Guadalupito Project (could happen any time)
--------Latin Resources has entered into preliminary discussions with a private company based in Vancouver, Canada to assist in selling its Guadalupito Mineral sands project in Peru, South America

Joint Venture and Offtake Negotiations (could happen any time)
--------The Company advises that negotiations are continuing with progress being made to agree suitable terms on a JV and an offtake agreement.

Expand

I wouldn’t be so sure about the majority of holders holdings being between 1.2 and 1.5
There was 1B shares traded below 1c since November. Remembering that much of the recent buying from 1-1.8 could’ve been done by people that bought the majority of their holdings below 1c.

No.	Vol.	Price($)
18	1395333	19.5¢

No.

Vol.

Price($)

1395333

19.5¢

Price($)	Vol.	No.
20.0¢	813308	11

Price($)

Vol.

No.

20.0¢

813308

No.	Vol.	Price($)
5	215700	0.175
6	630000	0.170
7	1125150	0.165
8	1918920	0.160
10	651683	0.155

No.

Vol.

Price($)

215700

0.175

630000

0.170

1125150

0.165

1918920

0.160

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

Price($)

Vol.

No.

0.185

1869389

0.190

3947046

0.195

3325980

0.200

2906221

0.205

1881708

(20min delay)
Last 19.5¢		Change 0.005(2.63%)		Mkt cap ! $560.2M

Open	High	Low	Value	Volume
19.0¢	19.5¢	18.8¢	$3.122M	16.18M

I wouldn’t be so sure about the majority of holders holdings...

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I wouldn’t be so sure about the majority of holders holdings...

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