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Message: Re: Here is holding LAC shares
1
Cal
Dec 23, 2020 01:02PM

Dec 23, 2020 03:00PM
1
Dec 23, 2020 07:07PM

Hi Okiedo,

merry Xmas from the land of the largest European hard rock project :-). I am glad, you have brought the volume to the debate. While comparison with GM does not really hold any water (while for GM, it is an average, for LAC it is still quite extraordinary event). I just cannot get my heads around that. LAC has 101 mill. shares, pretty much 30% is restricted float and maybe another 10% is trading just once a while. So we got 60 million (by the way, GM has 1.5 bill shares, no idea how much is not traded) shares and a turnover of 15 mill.. Looking at those figures, most of shares form the “free float” is traded at least once a week. Either that or some high frequency trading computer was assigned to deal with LAC sticker. Why do you think, it is positive?

 

 


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