6 months and its time for the decision to be handed done and halt is vital and correct as even though the SP have no where to fall, it can certainly take off IF the news is substantial. The decision could be chance for instant movement of rigs into place all over Victoria not just for Lakes but others who will see this as green light and/or it could be compensation for permits or big cash payout- no way to know till the facts. Either way, Rev is instant or coming in couple years. The SP wont stay below 1c when this is the case IMO.
Of course it could just be permit related and they keep ban on, compensate Lakes a bit and no one can drill- so we are really back to square one for maybe another few years if Lab get back soon.
Dont get too "amped" up quite yet as this could be major win or severe disappointment.... With everything going on and pressure from alternative power to get going against the old conservative world we used to live in- long deliberation or just the courts regular time- at least a long thick document to read through possibly.
Very tricky to call this on ino.....
I would prefer to hold shares as i said we cant fall but certainly take off....
LKO Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held