The notice from Lanyon indicates they were on the buying side of...

The notice from Lanyon indicates they were on the buying side of the two special crossings noted in my recent posts.

One curious point is that whilst the 1.35m share trade on 29/7 reported by Lanyon  matches the market reported trade, the one on 6/8 doesn't.
Lanyon report buying 4.0m shares on 6/8, whereas the market reported single trade was for 4.5m shares.
I wonder where the other 500,000 shares went. Some other entity associated with Lanyon perhaps or does the broker still have them?

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7
0	Schedule to Form 604
1	Holder of Relevant Interest	Nature of Change	Date of Acquisition	Cash Consideration	Non-Cash Consideration	No. of Securities	Class of Securities
2	LAVF	On Market	06/08/2015	$682,244.00	$0	4,000,000	Ordinary
3	LAVF	On Market	29/07/2015	$230,257.35	$0	1,350,000	Ordinary
4					Total	5,350,000

Reported trade for 6/8/2015 (from Comsec)

	Time	Price ($)	Volume	Value ($)	Condition
1	12:45:43 PM	0.170	4,500,000	765,000.000	S3 XT

I note that the consideration reported by Lanyon works out to an sp of  $0.170561. Presumably the difference between that and the market price, $0.17, is their brokerage, which if that is what it is, works out to 0.33%. I am bit surprised it is that high. I suppose it is to do with arranging a special crossing.

Anyway, it is encouraging that Lanyon think BSA is worth at least $0.17.
Lanyon's enthusiasm,  as evidenced by their current reported substantial holding of 16.37%, makes me wonder if they have a shy hope that BSA might be get a takeover offer, given its low valuation. Especially if BSA can get some runs  on the board. Lanyon's would be a blocking stake with which to bargain, although on the other side of that coin, I suppose the existence of such a holding might deter an offer in the first place. Just a thought.

Finished at $0.17 again today (Monday).