Keeping or selling your Lakes shares while inland Victoria exploration is in lock down and defile?
Would you risk say 5K when Lakes up to now cant seem to get a well going in half dozen places it holds and has limited funds with only another CR devaluing even more the registry lurking?
Counter argument is they are holding what on paper looks like very good assets and already the CO2 in SA is proven? Enterprise prospects get reported as even better resource with rest of Vic leases have at least some gas if not commercial as Tim from Lakes pointed out When i spoke to him. Also the Vic/Dan situation like Putin, cant last FOREVER!!
At worst, we will just have to hang on till the govt changes or changes direction even slightly under pressure and allow the inland to tap and sell Gas to market with so much wealth in this state, its criminal its all being stopped by a minority that doesn't represent the majority in a democratic country and especially with so much financial pain from raising Int Rates and that wont stop for a while yet no matter what the market prices in or tries to predict.. Markets and the RBA and FED have been WRONG so far!!
YES, you could lose your money, BUT IMO the solid list of assets is just to rich to get out now with ANY news will instantly lift the SP off Zero and Rev will extend LKO's life support till Vic is free again.
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Keeping or selling your Lakes shares while inland Victoria...
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