Have to agree with LoveCCE. I sold out last week for a tidy little profit. Have known this stock for a while and just can't see a big future. Hope they do well, but... I thought they would retrace back to sub 1 by now, so I've already been wrong once... What they have been plugging away at just doesn't seem to be a big deal based on gas in place / recoverable estimates. Gas flows not amazing for tight gas. I just don't know how they are going to be able to commercialise it - if it's even worth it - with their limited resources both technical and financial. I don't believe the gas price in Vic is high enough to make tight gas worthwhile - need to dig a lot of expensive wells. My best case scenario would be that it might just be worth a few cents. The best thing going for this companies stock price is the options that are due to expire soon - after that - caveat emptor.... good luck holders.
LKO Price at posting:
1.4¢ Sentiment: Sell Disclosure: Not Held
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