No one really knows who took the placement but I’m guessing at least 20% of the funds would be for short term trading. The irony is that if it falls close to the issue price of $0.35 a lot of them will sheet themselves and sell, but if it holds in the high $0.30s or low $0.40s then I reckon a lot of them will be eying prices in the $0.50s which should happen on the next ARR announcement (only about three weeks away). Time will tell!
LVT Price at posting:
40.0¢ Sentiment: Buy Disclosure: Held