G'day Dugsab. "Monday looms". Well, TWO Mondays have loomed and gone since you wrote that. Have you done anything since then?
If people are using that "window of opportunity" to guide their thinking, just remember that LNY's management's idea of what is "material" and "price sensitive" seems to be quite different to what most would believe. Remember that they didn't specifically announce that they had reached an agreement with the land owners (which we thought was very material) and included it in the next QR, well after we had found that out from our own enquiries.
So, was all of that buying on the 27th June nothing to do with the TO agreement, or, does management believe that the TO agreement is the same as the LO agreement and not considered to be "price sensitive"? We just might have to wait another 21 or 22 days for the June QR for that answer.
These three questions still bug me. Who put those 13 million up on the sell side and stifled all trading, who bought those 18 million on 27 June and who sold those piddling number @ .002 just before that??
There just might be some very interesting answers there!!!
What do you reckon Dugsab?
LNY Price at posting:
0.3¢ Sentiment: None Disclosure: Held
