Australia's largest stock trading and investment forum Australia's #1 stock forum

LKO

0.00%

$1.00 lakes blue energy nl

Ann: Trading Halt, page-65

First 65 Last

Share
Profile

Follow
towie

30,381 Posts.

122

21/09/18

23:44

Post #: 35767775
Share

Originally posted by PovertyBoy ↑

Well the traders bought the hell out of DHR and Rawson today. Will be crushed on Monday imo. So the traders are just like the holders at this point.

No one was expecting to get nothing. Nada, zippo, zilch, sweet fa. Royally rodgered the lot of us.

But Im thinking, and what Im thinking goes like this.

Judiciary wants to seem impartial. i.e cannot leave the anvil over the labor party, as this could been seen as a political non decision.

Judiciary cant payout LKO just yet. Because if they payout 25-30 mill, then it seems like an admission, in which case why not payout 140 mill, or 2 billion??.....or the actual amount we are entitled to here after a comprehensive review is undertaken. I think the 2 billion figure we were chasing was always going to be up for dispute. Because possibly gas prices were marginal when Lakes was issued the moratorium in the first place. (just a basic assumption on gas prices -not fact checked)

So they cant offer a small payout because that says to the public that this has been dealt with case closed. They cant offer a big payout because if the libs win and overturn the moratorium then this surely has to be calculated in any payment.

They know we will appeal. And we should.
They need the full picture in front of them to make a reasonable and fair payout.

Or the whole thing is corrupt and the judiciary is just as inept as the vic labor party. Im not ruling it out.

The problem with my thesis or perhaps just the situation generally is that the judiciary is relying now totally on the victorian voter in order to do the right thing. We need to be able to appeal before the election and that appeal needs to be accepted by the higher court.

Because the average voter has a household debt to GDP ratio of 120%. 27% of households are only one mortgage payment away from serious risk of foreclosure in the event of job losses or rising interest rates. And we know they are coming. Will these people make the right decision??

I dont know. The appeals court needs to accept LKO appeal before the election imo.

The six month wait was in order that Australia doesnt look on a par with Portugal as an investment destination.

The liberals will have an absolute field day with this and will be greatly encouraged by todays decision. Some unity and some talk directed straight at the publics hip pocket

Expand

Hi Your comment The Traders bought the Hell out of DRA and Rawson today. There was only 400000 shares traded in RAW and I was a buyer for a few to hold with my original holdings . Happy to hold and IF they drop a few cents then BUY Some More . Lakes still have the Gas in the Ground and the Incomming Libs need to make this a Election platform to reduce OUR Gas Prices . DYOR I have posted similar to this post on the RAW forum Cheers Towie

LKO Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

FNX

Aussie Broadband set to kick off share buyback starting Q1 CY2025

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 29 more messages in this thread...

First 65 Last

Add LKO (ASX) to my watchlist

(20min delay)
Last $1.00		Change 0.000(0.00%)		Mkt cap ! $58.8K

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

LKO (ASX) Chart

Day chart unavailable

Ann: Trading Halt, page-65

Top Stories

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Aussie Broadband set to kick off share buyback starting Q1 CY2025

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game