Maybe, but my 4.5M shares are going anywhere.
I ran the numbers and given all the information I'm aware of, LWP still looks to be a good play over the next 12 months, especially given 2016 is the make or break year for the POO. I suspect some M&A action that we might be caught up in towards the end of the year, with JVs to come during.
All that said....brutal week for LWP.
I'm also thinking that there are quite a few more announcements to come, given that there are more testing results due, and I wouldn't be surprised that the conversations in America may have born some fruit.
There is 1 thing that puzzles me though - Why arn't there any large buys by the major players / directors.
Perhaps the large investors are in possession of information that would breach insider trading rules if they purchased now, hence the manipulation of the share price to keep it down over the last 2 months, allowing them to buy at a better rate when they do announce it?
Maybe something else.
Note sure. But for me i know it will be a make or break year based on this and a few other stocks i own.
GLTA holders.
LWP Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
