LSA - Lachlan Star

[HelloU]

I am busy right now, but I will get to you LSA.

 

[barney]

I am busy right now, but I will get to you LSA.

They raised enough cash to get back on the track but the Company looks a bit bruised

 

[greggles]

Might be worth keeping an eye on Lachlan Star. The share price has been creeping up recently and there could be more to come.

Assay results from the Koojan Au-Cu-Ni-PGE Project are overdue and should be announced any day now. Going by the recent price action, it's fair to say that the market is expecting good news. If it is, watch for LSA to move hard and fast.

 

[barney]

Might be worth keeping an eye on Lachlan Star. The share price has been creeping up recently and there could be more to come.

Been going well since the cap raise late January at 0.017

$47-50 million market cap with around $3.5 million in the bank

Awaited Assays are just "samples" I believe? ie. Not drill results?

Either way the previous drilling of 9 mtrs at +2% copper and 43 mtrs 1.7 g/t Au could be a potential honey hole once they get the drills into it

 

[greggles]

Awaited Assays are just "samples" I believe? ie. Not drill results?

Either way the previous drilling of 9 mtrs at +2% copper and 43 mtrs 1.7 g/t Au could be a potential honey hole once they get the drills into it

Yes, just samples. I should have been more specific. But if the upcoming results are good, I expect that drilling will follow very quickly afterwards. The project is a JV with LTR and their share price is outperforming as well recently, so there are two companies that are going to want to see this project moved forward as quickly as possible.

Anyway, first the results and then... who knows...

 

[greggles]

LSA continuing to power ahead today, up another 18.18% to 5.2c. Am wondering if this is a case of loose lips or just high expectations? It seems to be running very hard in the absence of news. Market depth is heavily stacked on the buy side. Perhaps it's a case of buy the rumour, sell the fact?

 

[craigj]

LSA Interesting they are one of only 5 companies on the ASX with exposure to magnesium. The company has cash in the bank. Potential for a rerating if magnesium has continued interest.