Good on you Tweety!Another fantastic day. The normal early run...

Good on you Tweety!

Another fantastic day. The normal early run ... some ridiculous ramping which then disappeared ... no doubt after the said ramper sold around 3 cents for his profit ... followed by some nice consolidation & back to close at 3 cents.

Awesome really!

However, now I think we can expect some consolidation around 3 cents. The 3.2 high was rejected by the market, and rightly so. A little bit of churn between 2.8 and 3.1 over the next few days will do me fine. Then lets see what Monday brings!

The thing to keep in mind with LRC is the that the "free-float" is deceptively tight. The top 20 hold close to 600 million shares, and I know of quite a few holders out the top 20 who are not letting go of their shares - all bought around the 1.2 cent mark. It was quite easy to buy a million or three at that time without stretching the budget. Now things are changing. Its a lot harder to justify buying in those large amounts at 3 cents a share, and will be more so as it gets to 4 cents a share etc. If good news comes out & the broader market wants in, it will be hard to find shares in large amounts.

This is a flyer in the making ... it now depends on the company to deliver.

Interesting times!

;)