It was good that LKO raised 1m but if possible they could have got a broker who would have been holding out for the longer term if the rumors about Patersons selling down are correct...But there again I don't begrudge them for taking a handy profit.
I was wondering what the flow rate could possibly be at Wombat 3 as the MD stated that it could put a rocket under LKO. Also, as LKO has 100% of their main projects the upside upon further success could be very significant, but of course it works both ways.
IMO LKO just needs to finish above 1.1c and then it will hopefully march towards the 2c mark.
DYOR
Ann: Progress Report , page-41
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