LNY 0.00% 0.6¢ laneway resources ltd

G'day Towie.  That was a 7 million order that started the run...

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  1. 13,065 Posts.
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    G'day Towie.  That was a 7 million order that started the run and then followed by another 3 mill.  4.4 mill have also gone through on Chi-X.

    Towie, I have very little doubt that you are correct and that we are now seeing the start of the end of those 158 million from December and MOST likely those 70 million from 11 Feb.  Keeping in mind, that on 11 Feb they only had to sell half of the .003 issued shares on 11 Feb to cover their costs of the CR and still have half of them left.
    On what should have been the "big" day for shareholders, after the TH was lifted, the market was selling at .007 and later @ .006, quite comfortably, then how do we explain the last sale on that day of 700,000 @ .005!!!!  I'd guess it was one of those that got the .003s and got rid of most of them during the day  at an average of 100% profit and  just took what was left to close their deal.  The very things that management SHOULD have expected by issuing those 70 million on 11 Feb!!
    But, I'm glad for you that you are so keen to keep buying at these levels and could get them @ .005, but, I reckon that there are heaps of LT holders that are pretty pissed off.

 
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