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Ann: Quarterly Activities Report and Appendix 5B, page-3

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TopGun1

12,670 Posts.

2578

30/04/19

11:27

Post #: 38323570
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Originally posted by MCUH ↑

"African Carbon Energy and LCK Heads of AgreementLCK signed a Heads of Agreement (HoA) with South African based African Carbon Energy Pty Ltd (Africary)for the negotiation of one or several of the Lease Agreement, Sale and Purchase Agreement and the ServiceAgreement, to enable LCK’s PCD to be in the first instance leased by Africary and the granting of an optionfor Africary to purchase the PCD for use at its Theunissen underground coal gasification project in SouthAfrica, and for LCK to provide advisory services to Africary.If the agreements are signed, this will mean that LCK will be able to recover the majority of its engineeringand plant costs of the PCD and to also have an early path to revenue."

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I like the part about recovering most of the costs of the PCD and have an early path to revenue!!

I wouldn't be surprised with a follow up announcement later this week or next.

LCK Price at posting: 33.0¢ Sentiment: Buy Disclosure: Held
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