@webbj - NEW list entry
LGO - Longreach Oil
SOI 1.2b
Cap $3.6m
Cash $45k
Looks like a basket case, but volume scan picked up by wazza yesterday.
Legacy QLD O&G tenements which they seem to be waiting on funds from sale through another co.
*INVESTMENT - STARLOGIK LGO owns 5% of Starlogik IP LLC, a US company specialising in advanced telecommunications
Given the cash position, they must have to do something soon, as they are being squeezed waiting for settlement of tenements.
Cash outflow was estimated at $30k, so they are just treading water.
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