RE: Morning all3 Dec 2024 10:00
Lion , here is my take. You yourself are holding for £'s as are the vast majority of LTH, the ramping is not unneccessarily wide of the mark. It is just a question of when, not if . It certainly is looking good for the next few weeks for a credible rerate given news that we all expect.. Granted we have some supertraders who will trade a few from time to time and don't we know it.
The shares outstanding now are 2.034 Billion with c15% not in public hands ie held by insiders. So one would expect the free float to be 85%. In actuality it is much less as a number of individuals some of whom post regularly here hold over 10 million each. Once you add all these up , I would expect the actual trading to be minimal and hence minimal liquidity. Generally the average volume is about c10Million or so per day. This gives the MM a field day to maximise their take as no serious LTH is parting with the golden goose.
Note how the sp rose rapidly on injection of liquidity by Fatt Garries, this gave a few of the traders on here a chance to tyrn over some of their pot. I've no doubt we will be 2p+ and very soon. As the price rises more shares will become available to new buyers. In short consolidation is not going to help us, take the past we have spiked to 3p at least a couple of times. Now that we have something tangible with 3 arms making money- quite how much, we shall find out in the interims. 2p+ and new highs are quite likely once we are given a steer.
In short consolidation will not do anything here , it is just a question of waiting a matter of days and weeks for the churn to start. Often a consolidation by a small company is never very good long term and often puts investors off with dilutions to raise money. I can cite many examples where LTH have been diluted to almost zero.
One sniff of a steer in the interims and we are off to new highs, we have already been given strong indications in the results y/e March 2024. News prior to the interims could also be a catalyst , Lloyd is a very confident proponent of a DSS SAN for gst any day now for example.
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