And... somebody on loading. In all the excitement of the "ABC Report" I missed the report from
“State One Stockbroking 28 May 2016…
LCK A$0.30 (TP A$0.66)
Recommendation Speculative Buy
…We calculate LCK’s total NPV10 (pre-debt) at A$1.95bn (A$1.77bn gas sales, A$180m electricity JV). Adjusted for A$1.2bn in forecast project debt finance, we calculate LCK’s equity value at A$747m or A$2.66 per share (on a fully diluted basis). Attaching a 75% discount for LCEP risk (execution, funding), we calculate a risk-adjusted NPV-derived target price of A$0.66ps.
We believe that LCK offers exciting capital upside for speculative investors as the LCEP is progressively de-risked. Potential near-term share price catalysts include customer offtake or farm-in agreements, firming up of existing HOAs, and a successful Stage 1 gas production demonstration (targeted for year-end)…”
Come on company - update the Top 20 and update where things are at - I'm still betting on some good news for the back door listing players who might want to exit some of their risk when they are out of escrow shortly - late June this year
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.598M |
Open | High | Low | Value | Volume |
0.3¢ | 0.4¢ | 0.3¢ | $20.12K | 6.455M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
69 | 58645649 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 8177259 | 16 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
69 | 58645649 | 0.003 |
69 | 141127303 | 0.002 |
29 | 191650000 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 8177259 | 16 |
0.005 | 6988429 | 6 |
0.006 | 1408009 | 3 |
0.007 | 1783856 | 3 |
0.008 | 137500 | 2 |
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