Government Approvals, page-2

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MarketingMan

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19/03/18

12:31

Post #: 31854601
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Originally posted by thenavigator ↑

This is my surmise of the current situation:
1) premiere and cabinet will either approve or not approve Commencement of Demonstration within next 2 weeks. Personally I think that it will be approved as the Liberals are most likely going to approve this project.
2) once approved, it will take another 4-6 weeks to set up and then commence demonstration.
3) flaring of gas and trial will last about 2-4 weeks before results are made public

By the end of June at the very latest we will have a very clear position on whether product(s) will be commercially available.

If they are commercially available... well, do your own research on prospective SP value.

Is there risk? Absolutely... which is why big investor groups have not thrown their weight behind it YET... if this is approved by the P&C then I would suggest that this is a major de-risking exercise for these groups however the true value comes from the success of the flaring.

It will not take much to drive these shares up and respectively, down if the news is not positive.

Expand

Share price has peaked at 40 cents in the company's history - on not such positive news.
IMO would expect the price (could) exceed that previous high on news of approval by P&C to commence building Demo Plant.

Wonder how long it will take for the Marshall Govt. to get their feet under the desk and start sifting through the in-tray?

Will Marshall make this is into a first positive good news story and milk it?

Exciting times ahead.

LCK Price at posting: 11.0¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Government Approvals, page-2

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