LATIN RESOURCE SHORT ANALYSIS

in #asx • 7 years ago

Stock Analysis #2: LRS.AX ("Latin")

Share price: $0.004
Market cap: $8.252
Shares on issue > 2 billion

Latin is a company with a large lithium portfolio with enourmous potential. However, the directors had hyped up the project to be world-class and was valued at approximately 35m without drill cores. While there are other companies that are/have had market caps larger than 35m without drill cores (AVZ.AX), it's cores released were extremely disappointing.
While the share price may appreciate short term, its shares on issue are also a concern. Latin may have other projects in its portfolio but they haven't put any focus on them to date.
Hence, it may have short to medium term potential.

#lrs #latinresources #latin #resources
7 years ago in #asx by
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