I have been following this little oiler for about 15 years now, I am a very amature trader/investor but for some reason I always kept an eye on LKO. The price seems to move in 3 year cycles with a low of 1c and high of 7-8c . With oil heading to $100US a barrel interest will begin to build again with these small oil drillers.
Anyway, as they are 1c again now, I'm buying 20K worth and I'm willing to hold for three years for the next run.
Please tell me if I'm wrong here.
Make straw hats in winter my friends. Cheers
cheap...maybe
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Mkt cap ! $58.8K | |||
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| LKO (ASX) Chart |
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