It’s the cheapest lithium company left on the ASX and LRS will have its day and for now it’s being sold down which is understandable if you like quick moving bang for you buck trades.
"
There are quite a few other companies that are a lot cheaper. You're taking share price into consideration, when you should be looking at market cap.
Also, going off the drill costs for last years drilling campaign, the money they have allocated will not be enough to get anywhere near the amount of drilling required to determine a JORC resource.
Go back through the quarterly's and look at the undelivered promises. There was even one last year where the had 6000M of drilling planned, but it never eventuated.
Good luck guys, I implore you do really go through all previous quarterly announcements, look at their goals and targets and look for corresponding announcements where these goals and targets were delivered. It may take you a couple of hours, but it may save you some money.
LRS Price at posting:
1.0¢ Sentiment: None Disclosure: Not Held
(20min delay)
