Hi Jumpie, intresting chart!
LKO's letter dated 29th July to shareholders titled 'Rights Issue' which enclosed the entitlement form it states
"The Underwriter currently has no interest in the Company and the maximum interest the Underwriter could obtain is 6.7% of Lakes shares" (theoretical assumption only if no shares are taken up by shareholders...)
In this case could you assume that these sales were Pattersons's private clients, possibly looking to buy back in at a cheaper price or with view to getting a placement later at 1cent?
IMO I would think that if LKO has got some good data from Wombat 2 refracting then they would look to time the announcement to maximise the impact pre 21st August rather than release to the market now. But hey I've still got my exploration L plates
cheers
billdah
Hi Jumpie, intresting chart!LKO's letter dated 29th July to...
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