STTCOMP LCK FA LONGMarket cap- $109.68 M
Share issue – 548.14M
Main businesses – 2 pronged – 1.supply of pipeline quality gas. 2 Fertiliser.
LCK have been approached by several large international companies in the nitrogen based fertiliser market to discuss the possibility of working together on the LCEP. Progress has been made on securing a cornerstone partner for Leigh Creek. Any news on this could cause a rise in share price .
LCK announced on 29 August 2019 that LCK’s 2P reserve has been recognised by the Australian Competition and Consumer Commission (ACCC) and the National Reform and Development Commission (NRDC), through its China Economic and Trade Herald, a central agency of China’s national government, providing additional validation of the LCEP’s technology and commercial merit.
On 13 August 2019 LCK announced it had signed a binding Heads of Agreement (HoA) with LCK’s major investor, China New Energy Limited (CNE).As of 30 September 2019, the Company’s total cash balance was AUD$3.8 million.
LCK announced on 1 August 2019 it has completed a non-brokered placement of 14.32 million shares to raise approximately AUD$3.2m (before costs).
In order to generate funds LCK is looking at complimentary upstream oil and gas assets for entry as a non-operated Joint Venture partner.
PCD Compliance confirmed.
