I'm thinking long term, these reserves in Australia will come to be utilised. LKO has the tenements. From the sky news interview they will pay to retain these as they have the right to do, until such time the political environment and economic conditions vis a vis the economics and what GAS exports contribute to the overall trade balance for Australia.
You asked me a question when can you get out. My answer was i'm not intending too.
Mate do you think Gina Rheinhart would have invested $140m to never see again. She was looking to this long term as well, there's no doubt she would invest that amount on a whim of a court case.
It's Like the Rothschild family. What they invest is followed and copied by others, because they know there is a plan.
So again this factored into my decision to buy in.
Look your choice and happy for you to question "what if" you've got to have and execute your own strategy when it comes to investments. Every single one of my investments fits the 5-10year view period.
LKO Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
(20min delay)