Gold price rising, AUD dropping, Donald Trump, Italy and France bluing, AND a ML!!! Perfect storm!!
Have no idea what to expect on Tuesday morning after what happened yesterday afternoon. The shares had been traded for 3 and a half hours with prior knowledge of what the TH will tell us and with 36 million shares traded the SP barely held stead @ .006??? Will the TH stimulate more buying interest or new sellers?? And, the TH is really only for one trading day (most unusually short) and had to be forced out of the company by the ASX. (a) What could be new in the TH (b) how will the market react, who didn't know about the ML having being granted and trading "in the know" had been operating all afternoon? Management can count their lucky stars that they might have dodged a bullet with the SP remaining steady all afternoon!!
LNY Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
