Ann: Larvotto to Present at South-West Connect ASX Showcase, page-27

It could be a leaky ship or it could be a tree shake. It could also be about reducing risk. Perhaps it’s just some existing LRV shareholders who are sophs taking a bit of profit. If I was an existing LRV shareholder who is a soph (and we do have some), and if I took up the soph offer of 18 cents a share plus option and I had an existing 1,000,000 LRV shares and took up the offer of 1,000,000 at 18 cents plus option, why not sell my existing 1,000,000 at 21 - 24 cents and pocket an easy $30-$60K. Not bad pay for a few days work. Still got $1,000, 000 LRV shares plus $30-$60 K plus 1,000,000 options. Basically a good strategy to virtually be free carried. If LRV rockets like we all hope then the options are a bonus. If on the other hand things do not go well then sell the heads and sit on the oppies.

i am using the opportunity to increase my holdings between 20 - 22 cents.

A really good deal for sophs !

Disclosure. - I am not a soph.