LKE was smashed -13.5% yesterday taking its decline in 2023 to -48% with no obvious end in sight. The catalyst for Monday’s plunge was the news that non-executive Chairman Stu Crow had sold almost 8 million shares between the 17th and 23rd of this month at an average price of 49.2c – looks like good selling today!
- We’re unsure of the fair value of LKE but Mr. Crow would appear to believe it’s under 50c.
MM has no interest in LKE
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