Yes... Victoria was always where the money was to be made but the Vic (labor) government froze any development for many years. This freeze has only this year been removed. IMO the SP would be much higher if the company had been listed when this freeze was lifted, but they weren't so now they'll have to do it the hard way. This means the SP won't reflect the defined potential of their Vic fields but they'll actually have to drill and prove the potential. It does mean a better SP % increase if and when this occurs though, but calls for patience. I'm putting this share in the bottom drawer and not touching it for a year!
LKO Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
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