LKO 0.00% $1.00 lakes blue energy nl

Ann: Cape Energy Update , page-4

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 365 Posts.
    Interesting to read that Rob Annells has transferred 41m shares from a personal account into an indirect account. Why bother? Might be a tax reason? I'm wondering if he thinks that there is a very strong likelihood that LKO is going to go for a run in 2009 (given the potential news of merger, appraisal wells and exploration at Wombat)and it will look better/be more acceptable to share holders to sell some stock as an indirect holding than a direct holding when the bounce occurs?
    Guess we won't know but I do wonder if this is an indicator of management confidence doing a runner some time in 2009.
    Time will tell.

    Holding LKO.
    DYOR
 
watchlist Created with Sketch. Add LKO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.