Australian (ASX) Stock Market Forum

Reply to thread

Not really happy this morning, Lotus dropped 5 cents to 26.5 after upsizing their placement to A$130 million.


My chances of having 4 stocks in the green in the yearly comp also disappeared.


Retraction from Lotus also on the Letihkane project


The Scoping Study Announcement contains forward looking statements in the form of production targets

and forecast financial information. However, following consultation with the ASX, the Company did not have

a reasonable basis for those forward-looking statements due the proportion of inferred mineral resources

in the production target. The Company retracts all production targets and forecast financial information

included in the Scoping Study Announcement.

The Company advises investors that due to the absence of reasonable basis for the statements, they should

not rely on the Scoping Study Announcement as a basis for investment decisions.


Top