Well seems obvious that the Oz underwriting industry for microcap resources stox has lost its past relevance and companies would be better suited to seek support elsewhere. Apart from forcing the latest SPP price well below previous recent prorata at 4c, the only ones who made any money here may have been PATs, or did they lose too? Results are quite good and indicate we may have a viable system there but will need more bucks to be spent. So where is the broker support ? How easy would it be to give a positive view? I was hoping to see it back to the 4c level of previous cap raising. Very disappointing show boyz. Lets hope they clean it up when they wake up. Meanwhile LCD need to do some thinking on how to realize the potential here without blowing out the share cap next by an order of magnitude. A small cashflow operation with what they have would work if it was possible, eg trucking down the higher grade to someone else's plant in the vicinity for toll treatment.Or better still a JV with a larger company with cash to do it justice.
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Price($) | Vol. | No. |
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