LKO 0.00% $1.00 lakes blue energy nl

Just looked at this business and it has a host of interesting...

  1. 4,806 Posts.
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    Just looked at this business and it has a host of interesting assets .
    The reality of the fast approaching East Coast gas shortage may unlock some of them .

    However the Elephant in the Room is the share price that has sat at the minimal trading price of .1 cent for a very long period .
    Zero buyers and 800k+ sellers at that price and only a dribble of buying each day .
    The Market is saying the business is overvalued at $47 million .
    The business does not have enough cash to do much to advance its exploration assets .

    Why doesn't the company do a consolidation of the shares to make them tradable and more importantly to be able to raise needed capital from shareholders to move forward with its projects ?

    Probably the consolidated share price would drop the market value of the business a bit but with the assets it has there is the chance to then move forward .

    For me as it stands the shares are uninvestable .
 
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