RE:RE:RE:RE:Help Me Out...
The corporate presentation has not been updated since the original one was posted on the company website in February 2021.
As of the last financial statement, the company had around $5.5 million in cash left from the $12 million raised in the IPO (at $0.50 if I recall correctly).
LVX burnt through around $7 million cash in its first year of operations with precious little to show for itself. Shares outstanding are approx 100 million so the shares are ttrading around cash value as of last financial statement. Who knows how much has been spent since then. If previous indications are any standard, it was about 5 months between the last two exploration updates.
This company will run out of funds long before we see our remaining escrowed shares become free trading. On or about August 10 we get the next tranche of shares released.
I have nothing good to say about the current state of affairs, hopefully they can hit some decent intercepts at Avoca and Timor ..... soon .