LNY 0.00% 0.6¢ laneway resources ltd

Nice Week and more to come, page-251

  1. 1,991 Posts.
    lightbulb Created with Sketch. 49
    Hi gassed,

    The recent Appendix 3B reveals 109,024,029 ordinary shares have been issued @ $0.00333/share. So, the money is in LNY's bank.

    I'm just guessing some of that placement is making its way to the market.

    Some of those single blocks of sell orders are quite large, and consistent with a Top 20 shareholder.

    The recent Annual report reveals a Top 20 needs to hold at least 20mil shares, and single block sell orders of >10mil are consistently placed.

    No drama really...as @Red Adair states:

    "Moving on over the past three months has allowed us the opportunity to pick up another 5million plus shares over the time which has been done without affecting our average and I confirm that we are not finished yet with our position"

    Likewise - I confirm that I am not finished just yet

    Cheers,
 
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