To get to 10 cents...anything is possible...but they would have to grow their business and iron out any problems the market previously thought they had.
ANZ holding so much of LSL makes it tightly held in terms of the remaining shares on market.
I see it going up solidly to where it was before the fall but depeding on ANZ's plan....that will shape things also. If they want to put someone on the LSL board...it could be ok...if they want to sell their share to someone else.that could be even better. If someone did buy that many shares from ANZ you would wonder if they want the company for their own and buy out the rest of the holders.
Its a performing business LSL and has good cash and profit being made so it would have to be on some radards.
Also...at this price...under 1 cent? There must be some looking at it with a magnifying glass...ANZ is probably doing that right now.
am sure we will find out soon, I just left another message for Craig White at LSL but he's been in meetings all day.
I am just enjoying picking up a few more at these prices.
LSL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held