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Why is Lotus Resources in a Trading Halt? — ASX:LOT| ASX Mining News & Discussion
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Lykeshares Official
$LOT Why is Lotus Resources in a Trading Halt?
Lotus Resources Initiates Trading Halt Amid Anticipation of Key Announcement

Lotus Resources Limited (ASX: LOT), a prominent player in the global uranium sector, has entered a trading halt on the Australian Stock Exchange as of 21 February 2024. This strategic pause precedes an imminent announcement regarding a proposed placement. With significant interests in the Kayelekera Uranium Project in Malawi and the Letlhakane Uranium Project in Botswana, Lotus Resources stands at the cusp of potentially transformative developments that could reshape its operational and financial trajectory.

Strategic Uranium Assets: Kayelekera Uranium Project

Lotus Resources owns an 85% stake in the Kayelekera Uranium Project, a past-producing asset in Malawi, which has historically delivered approximately 11 million pounds of uranium. Despite being on care and maintenance due to prolonged low uranium prices, a Re-Start Definitive Feasibility Study (DFS) conducted in August 2022 positions Kayelekera as one of the globe's most cost-effective uranium projects. The study underscores the ...
Why is Lotus Resources in a Trading Halt?

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Lykeshares Official
Berkshire is hoarding so. much. cash.
Berkshire is hoarding so. much. cash.
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Lykeshares Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.

There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can ...
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore. There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can rush, it’s a complex, slow-moving process that takes years of precision and experience. Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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Lykeshares Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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Lykeshares Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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Lykeshares Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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Lykeshares Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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Lykeshares Official
$ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?