LCL 8.33% 1.1¢ lcl resources limited

For me this rings alarm bells! " CD Capital and the Company are...

  1. 2,976 Posts.
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    For me this rings alarm bells!

    "
    CD Capital and the Company are targeting settlement in late August or early September 2016 so that work can commence on the Pre-Feasibility Study. Prior to settlement Metminco’s 100% direct and indirect interests in the Project will be restructured into Los Calatos Holding Ltd (“LCH”), a Canadian private company."

    From my experience and my opinion MNC will have a 30% indirect exposure now from a Canadian private company. I've seen this happen before!

    IMO in the future long before any mining has occurred, the company will put out an annoucment citing poor liquidity conditions in Australia and list the company in Canada, therefore making it difficult for the average mum and dad investor here in Australia who has put their hands in their pockets countless times funding the BOD to trade the stock! Look at what happened to Marengo Mining!

    Why haven't MNC been reimbursed all the money it has spent so far to get it to the stage it is now???

    Isn't this the usual case when someone farms in to an advanced project?

    Any new investor who is thinking of putting money into this stock I urge you to look at the company past performance!!!! It may save you a lot of money!!!!

    This is not advice so please DYOR
 
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Last
1.1¢
Change
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Mkt cap ! $10.50M
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1.1¢ 1.2¢ 1.1¢ $56.18K 5.082M

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2 1908255 1.1¢
 

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Price($) Vol. No.
1.2¢ 1851296 5
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
Last
1.1¢
  Change
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Last updated 15.59pm 28/03/2024 ?
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