My tin foil hat theory for the rather muted SP response is as...

My tin foil hat theory for the rather muted SP response is as follows:

1. Long term holders (I would have thought most of the register) would generally have had sufficient faith in the process and held the belief that there was little chance of the process failing. If they were like me, they would have loaded up in the November/January period when SP was at bargain basement prices. Come time when results are finally in and it’s proven, well hey, I already had faith it would work and bought up all the shares I could previously, so no point to buy more now at higher price.
2. I absolutely hate it when all I hear on HC when someones favourite stock is going down that they complain about shorters and manipulation. People complain about shorters on stocks that don’t even have the MC to be shorted. Sometimes a company is just a dud, ok.

However, consistenly over recent months, it has been plainly evident that the SP of LPD drops by one pip at 4:10pm. Does any holder in their right mind suddenly get the urge to sell $1 worth of shares at 4:09pm at a price one pip lower than SP was in the preceding 6 hours? No. There is absolutely no reason for a sane person to do this unless they wanted the SP to drop. I regularly keep refreshing the Depth between 4:00 and 4:10 and it’s fascinating to watch the sell side as there’s always juuuust enough orders put though to drop the price by 1 pip.

1. Consistent with the the 4:10pm 1 pip drop, there has been a sudden increase in the amount of blatant downramping from non-holders. I’m happy for people to share factual and though provoking contrarian views, but when it’s just constant dribble I get suspicious. Say something enough and people start to believe it, or at least question what they’re doing.
2. When news was released yesterday, all they had to do was put in some sell orders at the start to mute the response. With very little initial reaction, people get nervous and don’t put their buy orders in.

My theory is there is a big buyer who wants more. All the above suppresses the SP so they are able to buy up. The way to do this is to put sell orders in the morning to create a slow start, make some buy orders during the day, then close the day with a one pip sell down to erode other’s confidence.

I challenge you to watch depth just prior to open and again from 4:00 to 4:10pm and watch the low-ball sell offers trying to squash the price.

Think I’m crazy? Look what happened to GXY last year – brokers pessimistic reports get released, SP drops by 1 pip routinely at 4:10pm, then low and behold, a few months later, said broker is now Top 20 holder.

Disclaimer: Was expecting to get pilot plant results much earlier than this (operation scheduled for May, no results until late August). I didn’t think we’d need to wait this long. Also, the assays will be the real clincher. On the assumption that the assays come back positive then that should put a grenade up our backside. Though, with recent price action not so sure it’ll be to our expectation. My only advice is to ignore the chart – make your decision based on your belief in the company. If results come back positive, then what we have is a proven technology, multiple feed sources, strategic alliance with galaxy and a zero waste process that has numerous benefits over spod and brine alternatives. Also, if price is being manipulated, use that to your advantage. They’re giving you an opportunity to buy.

Perhaps too, SP is low because LPD is a terrible company and bad investment. Whether it’s the former or the latter, it’s your own decision to make. Determine yourself what you believe the company is worth and buy/sell accordingly.