End of tax year. Maybe they just want to close out positions and start the new year fresh.
Remember, Lind have no strategic objective with LRS other than financing us every few years, then taking quick profits on option conversions.
From memory they had 10m of these options left when I last checked. So a single dump of 10m shares means it's almost definitely them. Very few others holders are sitting on 10m.
Next most likely option is one of the more recent sophs / instos who bought into the CR.
Ann: Cloud Nine Drilling Update, page-36
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Last
23.5¢ |
Change
0.005(2.17%) |
Mkt cap ! $658.8M | |||
| Open | High | Low | Value | Volume |
| 23.0¢ | 24.0¢ | 22.5¢ | $1.817M | 7.743M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 404558 | 23.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 24.0¢ | 460997 | 12 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
24.0¢ |
Change
0.005 ( 4.39 %) |
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| Open | High | Low | Volume | ||
| 23.0¢ | 24.0¢ | 23.0¢ | 2838546 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| LRS (ASX) Chart |