LRS General Discussion, page-7473

Yep - looks like there has been one large seller (as @GARETH78) mentioned yesterday with one seller eating up anything on that 11 line with 11.25 mid point trades.

Given volume of sales, it can't be retail and IMO can only be one of the CR instos (assuming that most of the selling is one entity and not multiple sellers).

The 4m shares that dumped into 11 cents this morning was odd. It was one seller (4m shares) and then no more selling followed it. Gave the appearance of someone trying to spook the market or test volumes.

You could paint the picture someone is trying to sell it down to accumulate a lower average buy in - but if that's the case - there is now 1.9m shares available at 11 cents - and no one is buying into it....then that doesn't really make sense.... Or perhaps whoever it is wants to accumulate at 10.5 or 10 or down at the gap of 9.4 cents?

Or perhaps it's just legitimate selling and 1 of the CR instos is closing out their position given the current state of the market?

Finally - even after 7.5m of volume so far - the share price is still holding at 11 cents (just).

All of this is speculation and IMO DYOR