PRice being held down, page-14

Watching the Justyn Peters interview has re calibrated my thinking.

I was starting to think LCK was tainted by negative sentiment and they were making slow progress.
In fact, I think they have been progressing well against some big hurdles...

1. Gas industry outlook has deteriorated since project inception hence the pivot to UREA.
2. The environmental issues (resource projects all face this) but combined with the heightened sensitivities from the LINC debacle meant the pilot project had to be gold-plated
3. Souring Australian relationship with China.
4. Difficulty getting potential OS investors here to kick rocks
5. Acrimonious exiting of founding director

As Justyn pointed out, they did manage to receive the PPL in fairly quick time (compared to like projects elsewhere)
So he refereed to the BIG THREE boxes to tick.

1. PPL
2. Off-take agreement
3. Strategic partner

Box 1 is ticked

Boxes 2 & 3 hopefully within the next 6 to 8 weeks.
But even better, if they can announce these prior to the Stage 1 funding share placement deadline - will help with reducing share dilution.

IMO