OK heres where I get myself in trouble trying to understand why LKE and VUL arnt more similar in price. Now I know that VUL has less shareholders according to last VUL annual report they had 70,834,806 and LKE has over a billion so VUL should have a higher price plus VUL will make money from geothermal energy production and VUL are located in Germany but both are only up to the PFS stage. So am I missing something is one of these pretty similar companies really worth about $8 more than the other?
Happy to be shown why theres an $8 difference.
LKE valuation, page-34
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