LNY 0.00% 0.6¢ laneway resources ltd

G'day Towie.  We posted at exactly the same time.  Yes, there's...

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  1. 13,065 Posts.
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    G'day Towie.  We posted at exactly the same time.  Yes, there's only been less than 10 million sold (bought) in the whole week since the TH was lifted and we're still @ .005/.006!!!  I reckon that 3B on the same day has killed what should have been a strong catalyst considering the importance of the ML and the high expectation.  Thanks P.M. and why didn't they expect that that would happen and NOT issue those 70 million shares @ .003 on the same day as lifting the TH and with the SP trading @ .007!! 
    Those who got the shares had obviously agreed to participate in the CR ,and that's why the original 3B included those 70 million but then had to be amended, why, because they didn't pay up on time!!!!   Yet, as their reward for being so reliable, they get them issued in time to take advantage of the news and I'm sure that some of  those .007s and .006s.  There were 158,500,000 issued @ .003 and most of them are still out there!!!  Potential new buyers would  have seen that and have walked away, so, sellers are probably having second thoughts about where the next catalyst is coming from and when.   Commencement of actual work is what I'm looking for.
 
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