Ann: Further High-Grade Drilling Results at Goulamina, page-63

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13/04/23

20:28

Post #: 67264292
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Originally posted by camban: ↑

Imo a big thing holding this back is the medium to large retail holders who are also trading a minor % of their overall holding in various accounts. Those with Long positions they have no intention of relinquishing until we are well into production, but who sideline trade a small chunk every day within a moveable channel to recoup what they feel they lost (and then some) in the company Leo was spun out of. I’ve been watching the tape and the course of sales for months, right down to the often matching parcel sizes and broker channels, and it is as plain as day to me.

This imo will go on until they feel fat enough, or they want to release their Long positions after production ramps up, or bigger fish move on the register and it forces a break out. Either way they bank. Less of course though if someone else succeeds with a bid to take out the whole company for a price reflective of the suppressed levels we have been held to rather than one that could’ve been obtained had we organically increased in value. That’s why what happens to FFX’s 17.6% is so interesting.

As someone else pointed out here a while back, they knew at FFX who was doing this same thing with their SP for months, now the same modus operandi is being applied here and probably by the same holders.

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That is true, until we get a serious takeover offer - which as LTR have recently proven, could drop at any moment.

LLL are in a very similar position to LTR, but obviously at a fraction of the price.

I'm not trading a single unit, holding for production (divides) or takeover.

Only a matter of time!

LLL Price at posting: 50.5¢ Sentiment: Buy Disclosure: Held
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