LWP TAKEOVER (from Coretrack)- Part 2
My conclusions in this section are purely speculative but do have some basis based on current data, share price movement and confirmatory comments made by HC posters in here over the past week.
Atm IMHO I believe the price is both propped and capped waiting for a possible big buy in. I don't see the price as being due to bad management, poor decisions or a regression in milestones and results for the LWP Proppant, but I will say there is supportive evidence that the external market and sector confidence has spooked all SH's to a certain degree which is working in favour of the short position.
From the reading of my data, I believe there were 4 significant events that caused the gradual fall of the sp to where we see it today. Three (3) carefully placed Shorts. Two (2) small ones at the beginning June 1 and June 10 and a large one on the 22nd July which (seemed) to tie in with speculations in social media about The EAS Advisors rumours of a sell-down. This was addressed in a letter from Siegfried Konig to the ASX on July 29.
My graphs do show some interesting movement during the shorts and with speculation rife about the EAS Advisors shareholders followed the sell-down in typical sheep trading from late July onwards.
Even though news continues to be positive, the company being asset confident, local and overseas test results confirming outstanding proppant performance outcomes, speculation still continues keeping the sp price down resulting
in a second address to the market by the CEO.
I believe my graphs and data support my case (for my decisions) that this was the right stock to buy into as there was enough suspicious activity, from my observations of the data to question the undervalued share price and make a move to acquire a portfolio in LWP.
I believe the SP, based on performance results and positive indicators from marketing, should have had LWP trading at .012 - .014 by now. It has reached a high of .025 in 2015 so there is definitely the confidence and interest in buying, which of course is presently affected by the sector price of oil.
I presented my graphs to show everyone some interesting movement which I believe required greater scrutiny.
CONCLUSION
I don't believe we have a management confidence crisis or a company in decline but the facts bare out IMHO that LWP is under the shadow of a shorted share price. When it will move is when the big buy volumes suddenly appear and looking at how it went down I think we will see small and strong small volumes to begin the rise with the line price being uncapped and the buy lines filled with strong volumes. This all personal speculative and please DYOR. Just another opinion from one of the SH's. GLTAH.
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