Last I spoke to Tony Lawry he advised that ARP is the company he, Sherwood and a few others are involved in, and is a subsidiary of LCK
He went on to say that company has debts in the form of unpaid wages and is selling down to pay off those debts - would be an interesting AGM at ARP given the dynamics between Sherwood and any other LCK share holder
I have asked Tony via email if this will continue, or if they are going to execute an off market sale.
While the future is still bright for LCK - this does highlight what others have said on here before re: lack of liquidity can hurt the SP. I received an out of office reply from Tony I think he is back next week.
Would appear this sell of is nothing to do with fundamentals of the LCEP, rather management issues within a subsidiary company.
Ideally this activity abates and the SP can head north prior to and post flaring
LCK Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
