G'day Dugsab. Like your confidence with comments like "it's going ahead". Can you expound on that confidence?
But, I have to differ re this post. "No selling by management or Top 20." Please refer to my post on 18 October, LOTS of selling by 4 of 2016 Top 20 but more than replaced by others and newcomers.
It still beggars belief that with the 2017 Top 20 buying around 200 million for the year and those buys by management, and in the context of their continuing debt financing to keep the ship afloat, why has, what we thought to be the easiest part, the TO agreement, has taken this long?
Grudgy. That 35 million sell order the other day, which was pulled before the opening, doesn't necessarily imply that one of the Top 20 (which it would have to be with that number) wants to sell!!!
The cynics would say that that move could also be interpreted as "someone" playing games to keep a lid on the SP. We now have a situation where the low SP could be seen as both a "positive" for "some" yet a big "negative" for the vast number of shareholders???!!!
This whole story has become too hard to read logically, as with this "unexpected" delay, one can be excused for having different thoughts about what really IS going on.
I have tried to explain that in my previous posts, but, frankly, I'm now just looking forward to the Notice of General Meeting with the Resolutions for the AGM and also the AGM as, IMO, this has now come down to eyeball stuff.
LNY Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
