LKE

2.17%

4.7¢ lake resources n.l.

Ann: U.S financial backing to advance key projects, page-97

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beisha

733 Posts.

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13/03/19

11:53

Post #: 37744940
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Originally posted by gassed: ↑

beisha. IMO, the rout at GLN, now down to .30, was all about hype and pumps from some real ST pros. They hit .65 and a MC of near $70 million, from the scant results of ONE hole.!!!
As soon as they had the TH and then the 3B with the exercise of .15 options, when the SP was .65, and flying, then followed by the VS, which took the previous buyers chasing a quick kill into T-2 pay up territory, it was panic time.
We have seen in 2 and a half days, over 1,4000 trades at an average of 7,000 shares, clearly, ST, greedy, punters who just chased the hype, and probably with no dough to pay for them, expecting a very quick exit after the TH, but, the VS stuffed them big time. And it's continuing today, which also suggests that they have had to sell other shares on T-2 to cash up to pay for their GLN punt.
It's classic history repeating itself. The technicalities of their project is quite irrelevant . LKE is NOT in the same boat as their ann that took it up to 13.5 was really excellent, it's just that with no follow up, the no news is bad news, thinking comes into play and you have seen a very gradual slide down by over 50% to where we are today. GLN has lost nearly 60% in 2 and a half days. Completely different situation. Nothing to do with either projects, just different shareholder agendas.

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Gotcha, you make a fair point, I learnt that the hard way with ASN...............sob,sob, sob
Forgot about those options too..
Thats why I always go by TA now with exciting up and coming plays, great news events create sp activity and when the opportunity hits, take your damn profits....................regardless whether you are a long termer or not.

Just imo

LKE Price at posting: 6.2¢ Sentiment: Hold Disclosure: Not Held
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Last 4.7¢		Change 0.001(2.17%)		Mkt cap ! $76.75M

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