Agreed. Definitely an 'under the radar' stock.
Two reasons...
1. Not much publicity
2. A lot of people are nervous about not getting environmental approval due to QLD experience for Linc Energy, and the general belief that Insitu gas is environmentally damaging.
Thing is, LCK believe they have this covered due to the unique geology and isolation of Leigh Creek. And you have to wonder about the Chinese investment - Chinese investors don't back projects where the risks of not getting-up are unacceptable.
So, when approval is given (if) this thing will zing.
The only question then will be quality & quantity of gas as demonstrated by the PCD.
I am bullish, but only time will tell; not long now - 6 months at the latest.
IMO
DYOR!
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