I'll be the first to stick my neck out and say it will finish at .006/.007 next Friday barring any financial meltdown in the US. Everyone that got in below .004 are out or happy to hold,like myself. At .004 its 25% of what most people perceive the price to be even if they show a loss after last year's $8million profit. I think ANZ will know their exit price and IMO it won't be .001/002/.003 I've seen their exit strategy with FAS which was at .15 and not .12/.11/.10 etc(FAS today .15) LSL do have a problem with their $9 million exposure through PSL but not directly with ANZ. Are they insolvent? Not so far. New low base .004
LSL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held