The stock has been very illiquid, so my guess is the "sophistocated" investors probably nudged the SP up to make their 3.5 cent investment "safe"
They put up $1.4 million for the Share Placement, and have only needed to spend $40,000 this morning to increase the SP 25% .......... easy when you've got plenty of cash!!
Up 30% as I type. LSR's market Cap at $5 million did look a bit silly though, so some re-rating seemed inevitable.
does any one have the "official ex date", page-2
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Mkt cap ! $3.372M | |||
| Open | High | Low | Value | Volume |
| 0.1¢ | 0.1¢ | 0.1¢ | $1.24K | 1.24M |
| LSR (ASX) Chart |