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8.0¢ lachlan star limited

Ann: Ceasing to be a substantial holder, page-35

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kn0way

911 Posts.

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12/06/21

08:57

Post #: 53808359
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Originally posted by Need10Bags: ↑

They are owned by Roger and Linda Steinepries. They are the old holders from the previous regime and been in LSA when it was still a shell.

From what I can see, they get in on shells. Do CRs get lots of shares... once that shell gets an acquisition they sell out without waiting for whether the acquisition will blow up or not. It's been their patter with AVZ and TAR and probably a few others if you dig further.

Once acquisition is on, they will sell and move on to the next shell. In AVZ, they were out after the Manono acquisition early 2017 in the 3c range before it went over 30c. TAR I think they got out in the teens in 2017/2018 before it moved to 30c after that.

Not sure if it will happen here, but all i can say is once the selling pressure is gone after they exit, it can be very interesting.

View attachment 3258599

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From what I can find out, Roger (& Jackie) is still invested - Ranchland.
His brothers David and Gary, and their wives & family members inc Linda - Croesus, et.al. have sold out.
I am happy to stand corrected.

Last edited by kn0way: 12/06/21

LSA Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 8.0¢		Change 0.000(0.00%)		Mkt cap ! $16.60M

Open	High	Low	Value	Volume
8.0¢	8.0¢	7.9¢	$4.929K	61.63K

Buyers (Bids)

No.	Vol.	Price($)
1	1600	8.1¢

Sellers (Offers)

Price($)	Vol.	No.
8.8¢	600	1

View Market Depth

No.	Vol.	Price($)
1	1600	0.081
1	50000	0.080
1	50000	0.075
1	70000	0.074
1	164306	0.073

Price($)	Vol.	No.
0.088	600	1
0.090	62738	3
0.100	26826	2
0.105	9523	1
0.115	34045	1

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