It's a common strategy of funds / instos to keep the SP suppressed for long periods of time - the end goal is frustrating holders into selling and hence getting more shares at a cheaper price. Trouble is that only works until there is an undeniable mismatch between a companies share price and fair valuation. We've reached that point some time ago (which is why it broke out in the first place), the retrace is expected, however selling ludicrously continues.
Given the overall market sentiment at the moment (world implosion), it's explainable that fear is a continuing motivation for selling this stock - that's where the pro's win every time and the retail punters continually give them money.
LOM management are doing the right think and keeping holders informed and keeping a continuous news flow. They are also obliged to do this with major $ value changes - hence the continuous announcements regarding the specials.
As soon as people stop selling their shares, this will move up. It's better to move now to a reasonable SP rather than wait for the 1 big announcement because that always results in the 'selling into news' phenomenon - which is a poor strategy by the way because that only ever limits your gains.
LOM Price at posting:
49.0¢ Sentiment: Buy Disclosure: Held
