I'm going to get some for 0.3 cents if I can on monday...I reckon its bottomed. Cant go too much lower and it was 1.5 centsa or more a week ago.
The problem has been 2 directors had margin loans out on 2 billion shares through the failed stockbroker prime broker.
This was backed up by ANZ who now took control over their shares and ANZ have been getting rid of them.
Hopefully there will be some more at 0.3 cents monday....it only has to go back to 0.6 cents and its double your money...back to even 1 cent and its a 3 bagger.
LSL Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held