At this point in a stock you only have to ask yourselves 2 questions. Is This stock viable from this point forward? and Do i have too much exposure for such a cheap stock 10K or 1K (which anybody can absorb)
Committing to a stock is not quite that same as committing to a child for its first 18 years. However at some point you have to commit to a position. Many times "green horns" sold out when things got" tough" and then the SP went up. Fear and irrationality is something the human race has inherited over its 2 million year evolution (served us very well in Africa to survive THEN) and in gambling and other mathematical areas now, its the worse thing you can have in the modern world maze.
Until we hear fron Lakes and get some FACTS as to their position!, its tricky to make an investment choice right now. Yes it could drop down to 001 but under 1c, nothing really makes any sense anyway as 001 or 009 is effectively the same- The company is making NO REV until it around 2-3c. Thats also when the smart "high street" guys start to look at the stock then things really move. So its dead now but not worthless until the BOD also think it is.
OMO and you need to work out what you believe, a Flat Earth or a lightly bulged round one! haha
LKO Price at posting:
0.2¢ Sentiment: Buy Disclosure: Held
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