LRS General Discussion, page-7284

Also, something worth contemplating - if you're a soph or an insto and may be keen on accumulating more ... your ability to do that once the SP breaks 14.5 is less effective than down at 10/11 cents. Certainly even more difficult once we get true blue sky above ~20 cents.

Waratah own 97m shares, and likely that 1 or 2 other CR instos now own 20-30m shares individually. It wouldn't take more than ~10m daily volume of shares from one player/broker to get some movement in the SP.

So while retail investors just want to see a higher SP, other investors may like to see a lower SP before they see a higher one.

None of this is to say that I think the last week is defined by manipulation, but we do know that Waratah has been using it's shares to average itself down.

From the latest pres'o (below) 56% of our register is retail i.e. more than 1bn LRS shares are in retail investor hands. Tends to make for funny share price movements because retail can easily be scared (and also easily excited). Throw in the mix some smart brokers and instos and you get funny periods where share price action decouples from fundamentals. Add on top of that a certain percentage of LRS shares (as with other spec stocks) are in the hands of traders looking to spin profits over single day or single week periods (means share price can run up to a point but also gets trapped when these short term traders decide they've made enough and realise their profit.

I've personally got close on $500k spare cash coming online next week and some decisions to be made about whether some or all of that goes into LRS. I can personally attest to the idea that sinking $500k at a share price at or under 10 cents is a far easier decision than $500k at 13/14 cents.

IMO DYOR, not advice, please do your own research.