Agreed re the $42M to $84M jump.
I reckon there will be opportunities to pick up shares at 0.001 when trading resumes. I'll forego a 25% profit but I can buy in when Lakes' has met some of their milestones.
A comparative gas explorer Vintage Energy (disclaimer, I hold VEN) has 2P reserves of 50 PJ in their Vali field, and sales/processing agreements firming up with production expected mid year and its market cap is currently $60M.
Based on this I doubt If Wellesley-2 is successful I doubt the SP will jump from 0.001 to 0.002. I think I'll wait until the result of Wellesley-2 is known before buying in
- Forums
- ASX - By Stock
- LKO
- Is there value at $34M market cap?
Is there value at $34M market cap?, page-15
-
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add LKO (ASX) to my watchlist
(20min delay)
|
|||||
Last
$1.00 |
Change
0.000(0.00%) |
Mkt cap ! $58.8K |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
LKO (ASX) Chart |
Day chart unavailable