315m shares have been traded since the 73m CR shares were issued. I think its safe to say they have been flushed out!!
Since the 1st assay announcement on the 5th of Jan, we have had over 265m shares traded. Free float is 300m, but there are a number of people outside the T20, who would not be selling. That means the free float is smaller.
We closed on the 5th Jan at 23c and exactly 2 weeks on, we have closed back at 23c after hitting 32.5c on Monday!!!
Since the 9/12/22 till today the VWAP is 24c, over 25 days
Since the 5/01//23 (assays announced) till today, the VWAP is 25c, over 11 days
Somehow we are trading below VWAP, which is quite ridiculous given the significant announcements!!
Those buying at 22.5c/23c today, are getting a great deal.
As i said before, a drop of nearly 30% this week makes no sense and the stats prove it.
Today saw sell volumes decreasing, which may indicate a reversal is coming.
Hopefully some common sense arrives tomorrow!
LIN Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held
