I understand your feelings regarding LMP.
You must realise that LMP is a speculative stock, they have potential as do many o&g speccies.
What makes them appealing is good licences, as you said good directors,CASH in the bank and ready markets for gas if they find it.
If you are not content to feel they are a 17c share on knowing these facts, move on to a more proven stock with less risk.
It is a high risk play and punters are happy to pay for the potential of big rewards.
But at the end of the day an accountant would say they are worth just the cash they hold..$12M I think?
Pixby
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