Bloody good stuff LKO mgmt. Values RAW at 3.75 mill. The mkt is...

Bloody good stuff LKO mgmt. Values RAW at 3.75 mill. The mkt is either truely fahharked in which case this is a stressed sale, i.e they cant raise capital or RAW have been bought into the loop on court proceedings, remember LKO mgmt were quoted as saying " we are confident there will be at least some kind of positive outcome for lakes oil" in regards the current court action and political situation in VIC. (Words much to that effect anyway)

RAW have permits in the cooper basin- think STX oil, they have something in PNG with an independent valuation already placed on it. They have the adjoining otway stuff which is mostly in Victoria, but a small bit in SA. interestingly they are right next to LKO stuff accross the border in VIC.

Remember the Victorian government suggesting that they might tinker with the rules regarding how you access a deposit. Offshore to onshore- whatever face saving vote grabbing nonsense it was- well I think LKO /RAW might be thinking we can access both deposits simultanously, or perhaps access the resource from either side of the border if it comes to that..

20% of the votes. 30.1 % to go. Now discounted on mkt. Sweeeet!