I was drawn to LRL as the amount of cash they sit on can not be ignored and their present MC of $8 million means there can be great SP appreciation if they announce an acquisition like CCC has just done or even a large stake in a company like AKM as South Gobi resources has just bought. It will also still leave them $11 mill in the bank. I just wonder what is taking so long as we small investors who have no inside contacts hear about these sort of deals being made all the time and well within our cash balance/price range, so why is it taking them so long. Anyway I will be here to watch whatever deal they make unfold.
I had a look at that link you posted and I am not sure of what the delayed publication refers to. I only hope we are in for a suprise Monday morning.
LRL Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
