Hey furniture. Yes, still holding. I think its a mix of market sentiment and short termers exiting on no news. This has pretty good support at the .006 level. So from there at a $3m market cap i dont see a lot of downside. Probably wont make you rich in the short term and may not set the world on fire, but as you saw a couple of months back a spike to .014 is a big gain for those entering here.
The two things im waiting for the in short term are the confirmation of oil drilling onshore WA 11% LGO (69% EGO)and the confirmation that their coal investment in Indonesia is producing. The oil play could see some BESBS interest in the short term whereas the coal interest hopefully will provide some ongoing revenue.
Its still fairly tightly held so if there is interest as we saw earlier, it doesnt take it long to surge. You may just need a little patience. Good luck.
LGO Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
