Looks like LRS building for a move up today possibly tomorrow. Volume has dried from selling pressure created by the T/halt and bids building , seller below top offer very thin suggesting to me the long term holders are there to stay.
Announcement Shares on Issue 1bn
Day 1 Volume - 200 m (20% of stock )
Day 2 Volume - 220 m (22% of stock)
TRADING HALT
Day 1 of relist 100 m (10% of stock ) * Largest shareholder confirms have not sold any
Day 2 today Volume up till 1.00 pm Less than 10 million
25 m on the bid at 1.3 and only 30 million shares down to 1.7 the intra day high of yesterday before the traders b4 the TH needed to cover
Daytrading May 17 afternoon, page-64
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