LGL lynch group holdings limited

I am interested to get opinion on what I see is so srange.Having...

  1. 336 Posts.
    I am interested to get opinion on what I see is so srange.Having watched LGL SP reasonably closely of late (not normally what I do, even though it has a reasonable % in my Resources porfotlio and has been since the float) I cannot for the life of me understand what looks to me as if we have one seller in there trying to hold the price down.On checking depth of sales, quite clearly someone is sellig down,right now and they have a spread from $3.25 up to $3.30.Having watched this same pattern when LGL was below $3.00,I am completely baffled with the Strategy.I understand shorting or at least I though I did, but this one has me stumped.Selling into a rising gold price coupled with a rising share price????
 
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(20min delay)
Last
$1.75
Change
0.000(0.00%)
Mkt cap ! $213.6M
Open High Low Value Volume
$1.75 $1.75 $1.75 $264 151

Buyers (Bids)

No. Vol. Price($)
1 607 $1.65
 

Sellers (Offers)

Price($) Vol. No.
$1.75 1096 1
View Market Depth
Last trade - 10.04am 18/06/2025 (20 minute delay) ?
LGL (ASX) Chart
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