This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

LSR - Lodestar Minerals

Jump to new
Hi beatle

Hang in there and keep posting. I'm reading your postings and holding after getting in at 0.135 a few weeks ago. I think it's unsurprising that a few holders might take some profits after LSR shot up above 16 cents. Let's see what changes in share price that drilling results bring.
 
Hi Panikhide and all others on the LSR thread. Greatly appreciate your post, and sorry that I can't add much more at this stage on LSY. I think most of the facts are out there now, and hopefully most have got or in the process of taking up a strategic holding before the rush, remembering:
1. LSR has got the biggest landholding in the immediate area around SFR's Degrussa project which has sent SFR from minnow to a market cap in excess of $1 billion!;
2. LSR has confirmed the existence of considerable targets for exploration, based on VTEM targets coincident with geochem anomalies, some of which are located along structure-related features!
3. LSR is a couple of weeks away from drilling the first priority targets in the MacDonald Well area;
4. LSR has sufficient funds to carry out that drill program and has the support of a nationwide broker in Patersons, who is preparing to take LSR on roadshow to Sydney, Melbourne just prior to the drilling;
5. LSR has got a very tight share register, with relatively few shares on issue and currently a very low market capitalisation of $12 million relative to its peers having ground in the Doolgunna region.

IF LSR has just some moderate success in this first round of drilling, its share price will be catapulted to multiples - imagine it having a market cap around $30 million, similar to or still way below some of those peers - that would imply a share price of 40 cents per share!
 
LSR share price activity remains in a holding pattern, waiting for a few key things to occur:
1. LSR roadshow with Patersons to Sydney/Melb;
2. Announcement of first drilling.

I'm not sure if its just my imagination, but I can see the bidders building at 15.5 cents and IMO its demonstrating a slowly increasing groundswell with anticipation of things awaiting! If we see a reasonably strong move up around 16.5 - 17 cents I can see LSR share price blowing higher, as most of the investors are holding strongly for the next action. I'm of the view its not far away now.
 
OK Beatle Im back ! This dam thing called work keeps getting in my way taking uo my time lets hope LSR puts pay to that.

Shareprice seems to have stabalised which is not a bad thing infact I like a base to build upon.

Havent really been watching the trading but still think the trend is up and news will be a big positive.
 
Hi Ijh, good to see your post and that you are also hanging in there for our much-awaited urge in share price. I was a bit peeved when the new shares were issued that some shares were taken out at 15.5 cents, but I guess some may have decided not to risk things when no more word on the date of exploration drilling was due start.
I think those concerns were ill-foundered, and the fact that LSR remains fairly tight, any shares sold into the market are easily gobbled up but hard to retrieve once lost! I am expecting the next price surge when Patersons starts the road show, its an exciting time from then on as the drilling is due to follow soon after!
 
Trading in LSR remains relatively subdued, but as with the past couple of days trading i can feel that there is growing expectation of the forthcoming roadshow and subsequent drilling. I believe we have a strong base now developed at 15.5 - 16.0 cents, and that is the springboard for a run up as time moves closer to the drilling activity, within the next couple of weeks.
 
Yes a good period of consolidation with as you say a great base to build upon.
Looking forward to the start of drilling a Pattersons Roadshow and just an increase in LSRs publicity.

Not sure how we will go today but patience is a virtue !!
 
Not sure why the big dump earlier this morning, do you have any ideas IJH? Seems to have settled with a rebound subsequently, although I know nothing about why the dump but decided to add a few more to the core, with some more shares at its low of 13.0 and then at 14.5 cents. Now on gueue, please provide us all with the move up once the roadshow begins and the drilling is not much further down the track!
 
I to am suprised by he dump today but medium term can be looked upon as a good thing imo.

The market over the last few days ahs been less than good but I still would not be suprised to see LSR with a late rally back to its open.

Roll on drilling !!
 
Great call by myself on a late rally

A bit shocked by todays trading someoe wants out and hopefully they are now out bit strange selling on a down day or maybe they want the price lower.

Lets see what happens on an up day
 
I have never been so happy seeing a share price go down, ive been scooping up and adding to my pile, this is the oppertunity (calm) before the storm.

this down selling - could it be something to do with Paterson's getting their allocation of shares, and the "sophisticated investors" locking in an early profit?
correct me if im wrong as I am not entirely sure how this it works.
(Paterson's obtain it at 9.5cents sell sum at 13.5-15.5cents approx. 30-40% profit straight up.)

i believe mid-long term anyone who buys below 16.5cents has got a great buy and we will not be worrying about too much when you can't buy LSR under 20cents when the roadshow and first drill come round.
Of course DYOR
 
19 Buyers to 46 Sellers, gives an indication there is more downside to continue tomorrow

 
I too picked up more shares today, and believe that probably the share dump during the day was related to someone wanting to free up capital than knowing anything amiss with the company and the proposed program. Even if its delayed a couple of weeks it means little to me, as long as they carry on with the roadshow and then a drilling program over the next month or so, there is no doubt in my mind that the share price will move up, and if there is any sniff of mineralisation the share price will rocket due to the relatively small number of shares on issue!
 
after talking to them on the phone, looks like mid december before roadshow, and they are still awaiting contracts from native land owners.
 
thanks for the info steelinoz, if your correct, we could see more downside to the SP, with the wait for news.
i will be accumulating in this time, as the fundamentals have not changed, though the only risk is the pending contracts from native land owners, I am willing to risk for the great potential upside:bounce:
 
steelinoz i dont know if you phoned the correct number because (from hot coppper forums) -

"activities update suggests native title 'access' is approved and low impact exploration (non drilling) is already underway , (dated 30/09). thats the vtem's.
It also states drilling program has been submitted and awaiting approvals, these could be mid dec, but I expect a bit closer, as lodged pre september."
posted by dmaleny
 
Bryos i spoke to a secretary first, my initial question was when would the roadshow and drilling commence. she couldn't answer and passed me onto another person. didn't take note of his name but might have been david. he basicly said what i stated above.

as for the wrong number, i'm quite confident it is the right one. i got it off the lodestar minerals website. but stranger things have happened.
below is the # i called. give them a call and see what they say to you. i for one would rather have your news than mine.

08 9423 3200
 
I called him: this is my hotcopper post copied:

This is to clear up the other LSR discussion about dates of Pattos roadshow and drilling commencement.

I just had a friendly chat to the LSR secretary (David), the following summarises our conversation:
-As stated in the activities update they do have native title access approval, so they are allowed on the land, no problems
- The only step left before drilling is heritage clearance (making sure no old burial grounds, bones etc) Which is pending.
- November 23rd is when LSR are flying aboriginal anthropologists (they perform the heritage clearance) to their acreage to assess the 15 holes planned to be drilled.
-As soon as heritage clearance is received, drilling will proceed and Patersons will commence the roadshow.

So that is the timeline (it is pretty routine), the SP IMO will have weakness until the roadshow and how much weakness will depend on the amount of profit SIs want to make on their placement.
 
Well with aboriginal anthropologists flying in to check 15 holes I can fully appreciate why I was told around mid December before the road show and drilling would commence. Nice to see it happen sooner, but in all reality they would need to check each hole in under a day to make it early December. And believe me that sort of rushing around does no good for anyone, specifically any artifacts that may or not be buried out there.

So taking a realistic appraisal of the situation, ground covering 15 drill holes to be checked for any heritage items. Starting from the 23rd. Patersons to launch road show and drilling to commence. If it is all completed in less than 2 weeks, that’s the first week in December. I really do not think it is unreasonable to look at mid December. It is actually just a matter of semantics from here.
 
You must log in or register to reply here.

Similar threads

ELT - Elementos Limited
Replies
16
Views
7K
Dona Ferentes
S
GUJ - Gujarat NRE Resources
Replies
9
Views
5K
kb10120
K
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...