Australia's largest stock trading and investment forum Australia's #1 stock forum

LLL

Click for more information

0.00%

50.5¢ leo lithium limited

i think you have made probably one of the best observations of...

First 236 Last

Share
Profile

Follow
52570

4,727 Posts.

510

23/06/22

17:24

Post #: 62169108
Share

Originally posted by invertedva: ↑

Disappointing end to the day, price-wise. No two ways about it.

But need to keep things in perspective.

Only 3.8% of total shares on issue were traded today. And a large chunk of those would've been bots selling to themselves. The average trade size was $3180.

So, 97-98% of holders decided to keep hold of their shares, and are in this for the long-run.

Once the bots shake free the small percentage of holders who were always going to sell in the first few days (don't forget some people are in stressed financial positions after the last couple of weeks f market turmoil and were probably waiting to access the capital locked away in LLL to cover margin calls and the like), and the index and superannuation funds start to take a look at LLL and enter the market, hopefully we will see the price slowly begin to climb.

Expand

i think you have made probably one of the best observations of today! That 3.8% number is very important . I did not see that, but it does help to put things into perspective.

LLL Price at posting: 52.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

QXR

QX Resources increases US lithium footprint with key agreements

QML

QMines jumps +4.6% on drill hits boasting high copper grades

LGM

Legacy hits high-grade gold, silver and copper through drilling at NSW's Bauloora

SKC

SkyCity jumps 2% after copping A$3.6M fine from NZ High Court – far below AUSTRAC's fine

ACW

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

There are more pages in this discussion • 50 more messages in this thread...

First 236 Last

Add LLL (ASX) to my watchlist