As a pure spec exploration stock the company is an exciting play at the moment. IF things play out the way I consider that they could, then in the next few days LSR could have a market cap considerably higher than it is today, based on a few different factors:
1. Fundamentals of LSR – its got only 65 million shares on issue, its got ca.$6.5 million market cap and ca. $1.7 million cash in bank at present. It holds a huge tract of ground immediately along the same trends of major structures next to SRI and close to SFR at Doolgunna. On its ground there are indications of many different mineralsing influences, but most importantly indications of copper gold that is so relevant at SFR and potentially at SRI’s Thaduna prospect.
With such a low market cap, and low shares on issue any positives that arise from SRI activities currently in process will immediately translate to potential huge moves up in share price for LSR!!!
2. SRI has called a trading halt, for its work on the nearby Thaduna prospect and the early indications from its recently drilled ground is that it must have hit something significant to call that trading halt! SRI is a very conservatively run company, by a respected geo Mike Doepel, so the trading halt should not be seen as a frivolous action in my view. Since its too early for majority of drilling assays to be available for that drilling, its likely that some visual indications of strongly positive drill intersections is the most likely cause for the trading halt, and one would presume that if that is the case, then the action in LSR would be ongoing until aclear picture of what is happening nearby at SRI is evident.
I believe as a spec play, LSR would have to be a real interesting opportunity whilst the trading halt on SRI continues, and it will be too late after the announcement is made, its too lightly traded to get a position after the after announcement IMO.
(Of course, the other thing is SRI, its likely to run too once the news becomes available, so SRI is also a good punt but you can’t get into that until after the announcement has been made about its trading halt is released!).
Good punting everyone!
