There has been big sell down on LOM for several months more than for many equivalent explorers and the only "ceasing to be a substantial holder" note was on Dec 1st from Blakeney LLP which only noted a passive cross below 5%. Its not really clear that they disposed of any shares via HSBC. Blakeney are a specialist London based fund with their main interest in Africa for intitutiional only clients - they look like long term investors rather than traders.
I think there are games being played with LOM - note the following observations:
- this morning, first trade a 10,000 sell for 0.6c for a total of $60
- a bizarre dump of 100,000 shares for 0.7c on Dec 7th just after MK announced his participation in the entitlement offer, then a big dump over the next 2 days taking out all the bids at 0.6c, with 26m volume on Fri ending back at 0.7c
- 11% SP drop following the announcement of a 53 caret diamnod discovery Nov 23. 20+ m volume for the day; opens 0.9c jumps to 1.0c but finishes down for the day at 0.8c
It would not be too difficult using separate accounts via a Nominee holder like HSBC or CS to initiate a sell down from one account to the other, forcing the SP down without significantly changing the numbers of shares held.
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Last
3.8¢ |
Change
-0.004(9.52%) |
Mkt cap ! $11.02M |
Open | High | Low | Value | Volume |
4.1¢ | 4.2¢ | 3.8¢ | $26.23K | 658.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 67166 | 3.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.0¢ | 131794 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 67166 | 0.038 |
1 | 83360 | 0.036 |
1 | 280000 | 0.035 |
1 | 16000 | 0.033 |
1 | 96806 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.040 | 131794 | 2 |
0.042 | 14825 | 1 |
0.053 | 100000 | 1 |
0.055 | 30000 | 1 |
0.062 | 120000 | 1 |
Last trade - 15.47pm 06/09/2024 (20 minute delay) ? |
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LOM (ASX) Chart |