3 years ago when Lakes was drilling look at what happened to the share price
A run from 0.3c low to 1.7c happened last time the company drilled
Anyone see a similar pattern emerging?
So what's changed since then Negative -Share Capital increased from 5Billion to 7Billion shares
Positives - It's been 3years and we are about to start a very active drill program. - Have new well respected directors with a great track record in the unconventional energy space - Beach and Armour Energy paying big bucks to get a slice of the action - We are having a massive Shale/Tight Gas boom
Based on the above chart and fundamentals a run to at least 1.7c is my expectations
LKO Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held