When was the last big crossing...lets say bigger then $20K...say at 0.2 cents..that would be a massive 40 million shares.
So why worry the market when LSL around 10 trading ago was 4 to 5 times this price.
I dont mind sending you research...but to come onto the thread and try scare tactice to get a buy order filled?....its a little bit dirty in my opinion.
Jump in the queue like everyone else.
We all did....we all did our research.
The company has money. Its business as usual. The company actually is moving well and usually pays an anual divdend over 1 cent per shares.
They actually make more each year then the year before for 3 years running in a row.
This is real profit...ie: its in the quarterlys...something you cant fudge.
However...and this is the reason for the 90% drop....2 directors of LSL are directors of Chimera.
ANZ bankrupted Chimera.
ANZ took shres off those 2 directors and now hold them.
Do you honestly think ANZ would try to dump 2.5 billion shares on market?
How many years would that take at even 0.1 cents a share to get rid of.
Think again.
Read my email again.
Read it well and contact the company.
Talk to Paul White from LSL on 03 8614 8401
Then to backup what I emailed you and 6 others and am saying with respect to ASIC and LSL......call ASIC: Anne Kim on 02 9911 2756. Confrim ASIC reference number: 28061/08 that ASIC is looking at the the 90% drop with interest.
Areneo.....we all have our tactics to make money.
I 99% of the time try to buy shares that I think are undervauled.
In my last 8 years on the market..I have seen about 2 other companies that got sold off indiscrimantly like LSL has. If you got in at 0.8 cents, I believe you could still double you money in a week imo..maybe 2.
Understand also the LSL and Chimera link...its unfortunate for LSL..but residing on the LSL board is 2 directors from Chimera.
Chimera is their problem..not LSL's...but the market thought it was.
Enter those wanting a bargain.
Its its you at 0.3 wanting 13 million more..good on you and good attempt..I wish you the best. However....dont be too tight...you may be the support when she runs past 1 cent.
LSL at 1.5-1.8 cents was scraping the barrel...it has fallen that far with the rest of the market.
True value....I'll stick myu neck out and keep at the bottom end of the barell...so I say they should flow back to 1.5 in no time.
However..if you ring the company...you will see they are not happy with the assiciation with Chimera and have their own path....thus we may see some good news soon.
Anyway...good luck all..play fair and cover your posts with research or you'll look like another one trying to hassle good supported research trying to get in lower.
LSL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held