Ann: Leigh Creek Energy Produces Quality Syngas, page-31

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MarketingMan

5,875 Posts.

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15/01/19

18:02

Post #: 37123361
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Originally posted by "Rocket": ↑

I agree with you @MarketingMan, it will be a disappointment to many with the change from gas powered generator to fertilizer.
However, as far as the struggle to fire up the coal, I believe this was overcome fairly quickly, the biggest concern was getting the chamber to size and temperature, and supplying the right input to produce gas. Therefore, I don't have any doubt in the ability to produce high grade syngas.

The original flare was expected by many to be a game changer, and now the prospect of waiting for a production plant to be constructed after the flow reports will seem like an eternity.
IMO, the present SP is simply a case of patience running a little thin ATM.

On the upside, for those willing to hang around, IMO I believe that we will get a rerate, SP will support the CR, and in the not too distant future we may hear of some large investment options being discussed to fund the project through to production.

All IMO opinion of course, and please DYOR.

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Thanks I needed that (a different perspective on the technical feasibility). Still, would be nice to get an update from the company confirming that point of view.

This is either an incredible buying opportunity (again) or.... *
Welcome to spec resource stocks.

Last edited by MarketingMan: 15/01/19

LCK Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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