What now?.Is LKO worth $21m at 2c ,given that all of its current active assets need fracing and hence are caught under the current ban.What if they get special approval?,what is that chance ?Annells was O/S raising capital in NY.Why NY and not here,maybe because there is nothing left here, apart from raising money from shareholders,or maybe he was so confident of Wombat that he went to the market where they understand this type of development.Anyway all short term hope rests on the next drill by AJQ,but again is that hope worth$21m.At some point it will end in either success, futher capital issues ,takeover (but why if assets not workable)or more of the same.A real shame for what is a honest tryer,but like all hopefuls ,something is needed at the end of the day to survive.
LKO Price at posting:
0.2¢ Sentiment: None Disclosure: Not Held
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