Agreed that LKO are a big risk given their financials and overall poor performance. We don't know what the commercial arrangement will be with Supagas but it's likely VEN/LKO will need to front up some cash for design and construct.
Best scenario in my opinion is for VEN to buy LKO's PRL249 share. LKO will need the cash to achieve their ambitious (read: deluded) drilling plans
VEN Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)