LRL 3.85% 25.0¢ labyrinth resources limited

What are peoples thoughts?? read well. Did the market think they...

  1. 35 Posts.
    What are peoples thoughts?? read well. Did the market think they didn't need to do fracking and would flow without stimulation?? is that why got sold back down??

    Managing Director Paul Atherley Commented:
    “This is about the best outcome we could have hoped for with the first two wells encountering
    over 135 metres of cumulative pay intervals within the targeted formations. The exploration
    programme to date has exceeded our initial expectations and as a result we now have multiple
    zones within these intervals to test for commercial gas flows.”
    “We continue to see significant potential in the Zijinshan Project, which underpins the expanded
    exploration and appraisal programme for 2013.”
    “With a healthy cash balance and an excellent technical team with a growing track record in the
    region, we are well placed to unlock value from this emerging opportunity, located in the heart
    of China, one of the fastest growing markets for gas in the world.”
 
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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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