LSR - Lodestar Minerals

[chiasm]

Drilling started and we get some movement in the sp. Hopefully they have decided to drill the right area but will have to wait and see. Wouldn't mind a picture of the drill going into the ground

 

[kash]

This share has made some strong gain over the last month from around 6c to 15c today. Looks like someone is accumulating this share. Maybe someone is confident in the upcoming drilling. Anyone has any other thoughts??

 

[barney]

Could be a bit of "nearology" factor with VRX who appear to be onto something at the Jenkin Fault area near Sandfire, but a bit of quiet interest in LSR after a sustained downturn.

They have a huge tenement area in the region so worth watching the next round of drilling results.

 

[barney]

Could be a bit of "nearology" factor with VRX who appear to be onto something at the Jenkin Fault area near Sandfire, but a bit of quiet interest in LSR after a sustained downturn.

They have a huge tenement area in the region so worth watching the next round of drilling results.

Wonder if its a leaky boat or a P and D ...... Couple of nice buy orders in the last couple of minutes pushing this up 33% ...... Always a bit suspicious on these firey spikes on low volume, but if the 280,000 SELL gets taken out it will start to look interesting

As I typed, another 250,000 got dropped on the sell side at 0.06 .......worth keeping an eye on however

 

[barney]

Interesting price action on LSR today considering the recent SPP at 3.5 cents.

Currently up 17.5% for no real reason that the average Punters know about??

Up the road from Sandfire and across the track from the discoveries of SRI and VRX, plus they have a huge land holding in the area.

The actual source of all the copper around the Thaduna region is still yet to be established?? ........ If these guys happen to be sitting on it, it would be party time for shareholders!

PS. Make that up 20% ..... I'm a slow typist

 

[barney]

All right .... Up 37.5% .... Lol. (Yesterdays chart pre-spike) Been a liitle accumulation at the lows recently.

 

[barney]

The mopping up I spoke about a year or so ago didn't hold when the POG went south.

There has actually been more mopping up lately at the lower lows .... The good thing is that a lot of the buying has been by Directors.

I mentioned a bit more about LSR in the Stock Tipping thread, but basically, there has been a not too subtle hint from Management about a potential JV to help finance the exploration of their very prospective "Contessa" gold discovery.

Current market cap of a little over $2 million ...... Directors buying several times .... and a statement by management of "several" potential JV options to pursue their ground, which has shown some very good early grades etc.

The downside for LSR at one and a half cents is minimal compared to the upside if they get something sorted.

 

[barney]

Light volume but increasing ..... a bit more speccing near the lows again today. I hold so happy about that

 

[barney]

The mopping up I spoke about a year or so ago didn't hold when the POG went south.

There has actually been more mopping up lately at the lower lows .... The good thing is that a lot of the buying has been by Directors.

I mentioned a bit more about LSR in the Stock Tipping thread, but basically, there has been a not too subtle hint from Management about a potential JV to help finance the exploration of their very prospective "Contessa" gold discovery.

Current market cap of a little over $2 million ...... Directors buying several times .... and a statement by management of "several" potential JV options to pursue their ground, which has shown some very good early grades etc.

The downside for LSR at one and a half cents is minimal compared to the upside if they get something sorted.

There was never going to be a lot of overhead resistance with this Spec if and when it moved. The current jump back to 3 cents might clean out a lot of the last 12 months bottom pickers, but the real Volume resistance is likely to be found between 3 and 5 cents.

The Company has made some very interesting personnel changes lately, and the Directors have been buying stock for quite a while ....... Current drilling needs positive results which would be likely followed by some sort of Cap raise .....

Their area has always looked top shelf, and the first pass "Contessa" Gold results were very good .... Speeding ticket today, but no additional info according to management ..... Perhaps the positive "hints" they have been giving in the last few months announcements might finally come to fruition. I certainly hope so cause I hold this one, and have added quite a few around the lows ...... Fried rice tonight instead of baked beans ..... can't wait for the steak Dianne!

 

[daz1982]

Lots of recent trading on this one. Anyone else Keeping an eye on this one?

 

[greggles]

Good news for Lodestar Minerals this morning. The company announced that a major gold system has been confirmed at Gidgee Flat, part of the Ned's Creek project.

LSR is currently up 88.89% to 1.7c after reaching a high of 2c during early trading this morning.

 

[greggles]

Lodestar Minerals on the receiving end of a little upward momentum this morning following the release of more drilling results from the Ned's Creek project.

Strongest ever drill result returned at Contessa from large deformation zone in bedrock which extends well beyond current RC drilling.

o 4m at 74.0 g/t Au from 140m (LNRC026)
o 4m at 5.6g/t Au from 170m (LNRC043)
o 4m at 2.5g/t Au from 139m (LNRC027)​

Final six RC holes at the Gidgee Flat discovery returned the highest grade results to date:

o 2m at 8.3g/t Au from 174m and
o 11m at 5.8g/t Au from 195m (LNRC039)
o 5m at 3.4g/t Au from 154m (LNRC036)
o 1m at 10.7g/t Au from 203m, 3m at 3.0g/t Au from 215m and 1m at 7.2g/t Au from 248m (LNRC040)​

4 metres at 74 grams per tonne is quite an intersection. The Ned's Creek project appears to be really coming to life. With a market cap of only ~ $21 million, LSR is definitely a junior gold explorer worth keeping an eye on.

LSR share price is up 52.17% so far today and is currently trading at 3.5c.

 

[barney]

Lodestar Minerals on the receiving end of a little upward momentum this morning following the release of more drilling results from the Ned's Creek project.

4 metres at 74 grams per tonne is quite an intersection.

Sold out of LSR back in 2016 but it has always shown some potential. Their Gidgee Flats area looks prospective given widths and grades ....

The 4 metre "nugget" they drilled through at Contessa hopefully duplicates itself down dip etc, although previous drill results have been a bit sparse in that area. I get the impression they may need to drill pretty deep to get more consistent results.

Finished on its high and up 90+% .... cant ask for much more than that ... If I still owned it I would be sliding a portion off the table into the duffle bag about 5 minutes into tomorrows open however

 

[greggles]

When I posted this morning it was 3.5c and it finished the day at 4.4c, on its high for the day as you mentioned. 130 million shares changed hands on the ASX and Chi-X which, as far as I can tell, is the largest daily volume ever traded for LSR.

So today has been a big day for the company. However, the gold mineralisation appears to begin at 140m below the surface and appears to extend down to 250m and perhaps beyond that, so there had better be a lot more of the glittering stuff under all that dirt to make digging down that deep a worthwhile exercise.

Best of luck to those holding.

 

[barney]

However, the gold mineralisation appears to begin at 140m below the surface and appears to extend down to 250m and perhaps beyond that, so there had better be a lot more of the glittering stuff under all that dirt to make digging down that deep a worthwhile exercise.

Yeah agree Greg ..... lots of potential in the long term but caution if you are trading it for short term gain ... Grades are good but need duplication to confirm a resource.

 

[barney]

Been pretty much a downward trend since the last Post on LSR. (DNH)

The Company seems to have tried hard over the years, but never been able to dig up anything of real substance.

I note they are currently in Suspension following a recent spike in the SP. There is a Cap Raise on the table as they have basically no money.

The Copper results announced today looked pretty average at first glance, but then I noticed they were only air-core drilling which cannot penetrate bedrock. With that in mind, the grades of 1500 ppm Cu and above may end up leading to something decent under the hard rock.

The boys at LSR need to find that little rabbit that has been hiding in the hat for a while. Hopefully the cap raise is not too destructive and the Copper grades get bigger under the bedrock.

Maybe 2 Rabbits would be better

 

[Dona Ferentes]

Been pretty much a downward trend since the last Post on LSR. (DNH)

The Company seems to have tried hard over the years, but never been able to dig up anything of real substance.

There is a Cap Raise on the table as they have basically no money. ... ...The boys at LSR need to find that little rabbit that has been hiding in the hat for a while.

found some!


DIVESTMENT OF 20% INTEREST IN KANGAROO HILLS LITHIUM JV

HIGHLIGHTS
➢ Sale of interest for $3.5M in cash and shares plus $3M in performance rights to
Future Battery Minerals (FBM)
➢ Exposure to 100% of FBM’s lithium and nickel project portfolio
➢ Lodestar to become a significant shareholder in FBM
➢ Eliminates Lodestar’s financial commitment to the JV

Lodestar Managing Director Ed Turner commented : “Lodestar is very pleased to complete this transaction. We strongly believe in the future of the Kangaroo Hills lithium project and FBM’s ability to continue to prove up an economic resource.

With this deal Lodestar no longer has to expend funds on exploration and development but will retain exposure to the upside with the potential growth in FBM’s share price as this project, FBM’s Nevada Lithium Project and their Saints Nickel Project advance.

In addition, we receive cash and shares we can utilise to fund our exploration programmes at the Earaheedy Project which is our primary focus now. The Earaheedy Project has tremendous potential for gold and base metal discoveries as evidenced by our maiden drilling programme that recently intersected significant gold and copper results.”

 

[barney]

rket

found some!

Only a small Rabbit DF, but better than no Rabbit at all I guess. Gives them a bit of cash to carry on for a bit at least.

Market fairly ho-hum ... understandable?