most undervalued oiler on the asx....., page-5

Lol, have plenty dargie. Of both heads and oppies, otherwise I wouldnt be spruiking it so mercilessly!

Why are they boxed in and why would they sell it? Its value has easily quadrupled since the last offer they had to buy it at US$4.7 million. And whilst they dont have any control over it, the operator is doing a grand job and it is a proving to be a great little earner.

LIO is becoming more like PPP on a smaller scale. A cash box with few other projects at this stage but $$$ rolling in at an ever increasing rate.

It will run, very hard at some stage IMO. Value always gets reflected eventually, for one reason or another. Strachan has previously featured this stock (last time it ran to over 45C), so this may be the catalyst. Or it will change hands again, or find a new project.

Management appear to own about 50% of the stock, the top 20 own 74%. It is tightly held and will run easily on any positive attention. Is that miningnut i see on the top 20 with a rather large holding?!

Good luck.....