I notice this morning there was a lot of prop bids at 2 and 2.1cents and just before it opened they were gone. Now theres plenty trying to get out at 2cents. These might be props too, someone trying to get their fill in at 1.9? Or maybe its because KCN SP is down.
To me it wouldnt make any sense to sell any below 2cents, as it stands with the TO LRC is worth 2.1 with possibility of an increased bid from KCN, or even a new bidder coming from left wing!
Currently you stand to make 5% if you buy at 2cents with potential significant upside unless KCN SP takes a dive. To me Risk is very low vs Reward
Auralandia and UBS have taken their stake in LRC, surely they did this because they see the upside in this situation. Im holding mine and hoping for an increased bid from whoever.
LRC Price at posting:
$2.50 Sentiment: Hold Disclosure: Held
