Ann: LCK's First Overseas Joint Venture Agreement Executed, page-19

I hope so Pie, I hope so!

Reckon we are in the red zone (figuratively speaking). Don't like the play called but they've taken us downfield this far. No fumbles and just run it in! Urea!!! (I mean Eureka!)

Just what exactly do we know about China New Energy Group???
(besides what we've been fed)



I presume this would have been posted some time ago
https://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=&cad=rja&uact=8&ved=2ahUKEwjU_4-do9TtAhXwwjgGHY5-D9sQFjAFegQIBxAC&url=https%3A%2F%2Fwww.stateone.com.au%2FDownload%2FDownload%3Ffile%3DLCK_20200323.pdf%26downloadType%3DPUBLICATIONS&usg=AOvVaw0Cew7qycj2kGSZsBFChSCL


They give a couple of valuation methods
A simple one is the EV/GJ of Resource (I would prefer is they just stuck to 2P but they do make a valid point about the seams as to why they add 2P + 2C) ... but then again we are trying to be a gas producer (but a more lucrative Urea producer)



Anyway another point made is the following (which is being raised presently)


Problem is $8M at 20cps is 40M shares but at 10cps its 80M. This is why SP has to remain at that PPL issue price!