I see what you are getting at GC3, but those big players will have to pay 30c to do so, so again logic would say that SP will then go up and over 30c again if not already there. Bearing in mind about 100m LOMO out there so will be interesting to see where LOM (and therefore LOMO) price is as we approach 26th August. Could quite conceivably be LOM 29c, LOMO 0c. That's what the big holders want. Minimal dilution, just that brought on by themselves and bugga the rest of us mugs.
This sort of thinking I guess is why some are throwing away their LOMO, but outcome could be quite different...
Most I think are sitting on their hands not knowing what the hell is going to happen next.
Ann: Annual Report, page-44
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Last
5.6¢ |
Change
-0.004(6.67%) |
Mkt cap ! $16.24M | |||
| Open | High | Low | Value | Volume |
| 6.6¢ | 6.6¢ | 5.5¢ | $47.36K | 820.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 280076 | 5.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 6.9¢ | 116300 | 2 |
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| Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
| LOM (ASX) Chart |