What on earth gives you the idea that I might think LER is not...

What on earth gives you the idea that I might think LER is not the right investment for me ?

It is one of the biggest positions in my portfolio since I started buying over 2 years ago . I took my full entitlement plus shortfalls in the last rights issue .

I would suggest that associates of people who had something to gain by a temporary spike in share price would be the most likely to make concentrated buys . Not saying that it happened but it's funny that the SP became half acceptable immediately before the AGM .

Liquidity works both ways . If an institution wanted to buy a decent position of Leaf on-market then it would significantly move the share price . Such an institution would be happy to buy off-market at market price without a discount .

Leaf are not the worst at raising money ; just look at Petrel which was raising at over 15c a couple of years back and has now raised at 1.1c . That is not to say Leaf could not do it much better though .