Yes Towie, but, "weather permitting". Hot weather expected next 14 days!! Meanwhile, I'm only interested in the "market". How many shares are out there that could upset the party, the next catalyst.
Although there are 3.75 billion shares on issue, 2.3 billion of those are tied up with the Top 20. If my theory is correct, the only ones who have been selling and likely to sell in big lots that would seriously impact on the SP, would only be those who have no real interest in LNY's immediate future and are happy to sell at a profit. The only people lately who would have been able to sell at a profit have been the SIs. I really don't think that the Top 20 would be interested in anything less than 1-2 cents and are still probably longer term holders. Of the 4,583 shareholders, only 661, other than the Top 20, have more than 100k shares. Nearly ALL the rest don't even have a marketable parcel and IMO, would all be "survivors" of the ill fated Renison and the infamous 1:300 consolidation. So, my current theory is that there wouldn't be too many more threats for serious volume dumps under, say, 2 cents. Sadly, I really reckon we would have got to half of that on 11 February, but!!! But, it gives me more confidence now for current holders, that we have seen what did happen with those large dumps and that above .007, there is calm water ahead through to the commencement of mining which should be our next SP catalyst!!
LNY Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held