1. Market Depth buyers twice as sellers - haven't seen that for a very long time
2.Hardly any sellers placed orders - can't remember to have ever seen that few sell orders
Of course, that can change in a blink of an eye but it looks that our CR participants either have finished or stopped off-loading and as I have pointed out here over the past 18 month - it is the holders who determine the sp, not the buyers. If nobody sells low buyers will step up. BTW, thanks to the guy who sold them me for 2.2c the other day at the open.
Options are already priced in into stated market cap on HC. Independent who converts them - it is extra cash for LPE and if converted they will hardly sell them lower than 2.5c. We survived 289m CR shares, we will easily absorb less than 100m converted options or 35m escrowed shares in January'18.
As long as LPE is performing well there is no reason for concerns, the sp will adjust to the reported profits and we all know there are gazillions of $$$$$$$$$$$$$$$ guaranteed as long as there is a need for e-power in QLD. Anyone having doubts ? Just imagine the swearing when there is a power cut, you could hear me from miles away, LOL.
Even the Young-Brothers ( ACDC ) new already in the 70's about LPE when they wrote the famous song "LPE"
LPE's mighty and got huge strength,
It's wanted by all men
ASX' best performing stock - understand,
So lock in your orders, lock in your buys
unlock your money, don't ask your wives,
LPE is the talk of the town,
don't you mess around
LPE - your dynamite
LPE- you'll win the power fight
LPE - you're a power load
LPE - watch the sp explode
LPE Price at posting:
2.3¢ Sentiment: Buy Disclosure: Held
