I wouldn't put to much emphasis on 0.20, that was a placing price given to Commz bank at a large discount to the share price at the time. LGO fundamentally should not have gone below that placing price, but for those that have been in LGO for a long time, we always know it does for a period of time. Now that those placing shares have been absorbed, alongside the creditor shares of course, perhaps LGO can get back to a more asset or even production related MCAP.
These slow build rises will let out the 10% traders along the way, firming support at each incremental level along the way. Holder of shares at 0.155 (example) will be replaced by holders at 0.185 (example), and that is how a share price recovers.
Some patience to see the building blocks put in place, with focus on debt, funding and growth going forward.
Book is now moving without restriction. Easing off the handbrake by the looks of it today. This is movement on lowish volume, that tells us that they are searching for stock again on the open market. started Monday at 0.15, lets see what Friday finishes at.
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