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Shady Merv

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17/12/15

11:20

Post #: 16634058
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Originally posted by HudsonDesign ↑

The charts showed a downtrend on the short term so they probably had to do any form of raising before it dropped any further.

In saying that I imagine they probably wanted to go into that placement meeting with results in hand so show all the possibilities they have and secure as good placement amount and price as they can.

So I would be very surprised if they either don't already have results, or maybe more likely expecting them before close friday and wanted to have the placement people see them before the market.

Good news on the most part. Placement price will likely put a floor under the SP. Show genuine interest from some form of larger player. Held the placement taking place to either announce and take place at the same or very close time to drilling assay results. Also likely keeping the price up a bit.

Only downside I see here is almost all placements recently have driven down the stock price to the placement price. Almost as a sentiment mental line in the sand. That and a likely hood of some ST holders waiting for results to come again to sell into news.

LSR is still a bright future company IMO. And they had no other option in my eyes than exactly what they are doing, so its definitely good management choices to, at least what I would like to see done from a company.

But with the down trend already happening and now the CR its still got a drop on the cards maybe. Will likely depend on the Price of the CR. Hopefully the last month and previous and current results have given it a good position.

But the only way I see an up for at least the very short term is if the placement was above current price. And the likely hood on that is pretty slim.

I'll continue to wait and see on this one for the moment. GLTAH

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I'm pretty sure that management would not have been chart watching.

I'm also pretty sure that the placement people would not know results.

SIs do however get more 'steam' than the average Joe Blow, but results not known to the market? Don't think so!

LSR Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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