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

LRS

Click for more information

9.00%

22.8¢ latin resources limited

Thanks, appreciate the reply. Thought that's all it was but...

First 1345 Last

Share
Profile

Follow
stonkstrader

220 Posts.

36

02/12/20

15:54

Post #: 49300774
Share

Originally posted by XXIIX: ↑

Hi stonkstrader,

short version is, LIND is a broker that gives a loan amount in exchange for shares.

Brokers like LIND dont have any interests in the long game and often sell the shares as soon as the price starts moving. fo anythi g as low as a 10% shift.

LIND had 350m + shares at their peak which as you can imagine every time we moved they sold down into, which ultimately keeps the price down. Their strategy is to make a quick buck and not be left holding a penny stock for too long. They have no interest in seeing LRS achieve their goals or reach 10c +, they will be well and truly out by then and onto the next company.

Might seem a stupid strategy as we know they could make a lot more if they let the sp run, but they do this to 100's of companies around the world each year, you can see how this is actually a fantaic money maker.

I see them like a loan shark. The other broker I hate seeing as a major shareholder is Pattersons, which use the exact same strategy.

So it will be a positive to see them off the books in my opinion.

Expand

Thanks, appreciate the reply. Thought that's all it was but there seemed to be a decent amount of anger (for lack of a better word) about them that I wondered if there was more to it.

LRS Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 5,874 more messages in this thread...

First 1345 Last

Add LRS (ASX) to my watchlist

(20min delay)
Last 22.8¢		Change -0.023(9.00%)		Mkt cap ! $651.7M

Open	High	Low	Value	Volume
24.5¢	24.5¢	22.5¢	$1.182M	5.077M

Buyers (Bids)

No.	Vol.	Price($)
41	897833	22.5¢

Sellers (Offers)

Price($)	Vol.	No.
23.0¢	120573	10

View Market Depth

No.	Vol.	Price($)
40	892833	0.225
21	1019512	0.220
13	878208	0.215
13	598844	0.210
8	644691	0.205

Price($)	Vol.	No.
0.230	235200	12
0.235	928357	21
0.240	1468651	16
0.245	450461	13
0.250	435048	15

Last trade - 11.26am 16/05/2024 (20 minute delay)


Last 23.0¢			Change -0.023 ( 6.35 %)
Open	High		Low	Volume
24.0¢	24.0¢		22.8¢	3569571
Last updated 11.36am 16/05/2024 ?

LRS (ASX) Chart

SPONSORED BY