LCK 6.06% 17.5¢ leigh creek energy limited

Energy asset upgrade should drive value creation for investors

  1. 162 Posts.
    lightbulb Created with Sketch. 78
    A very interesting read from Monash investor's take on LCK future.
    They were also the one that recommended Afterpay and look how how big APT is now. They see
    https://www.asx.com.au/asxpdf/20190304/pdf/443652sckp974s.pdf 
    https://www.livewiremarkets.com/wires/energy-asset-upgrade-should-drive-value-creation-for-investors
    My fav part "We expect a jump in the share price from here, when a substantial proportion of its 2C resources get upgraded to 2P, and we are optimistic that they will given the energy content and flow rates reported."
    I hope they are right but given Monash's performance for generating  high returns for shareholders and the company is reflected in its SP (ASX:MA1) 

    Another interesting read from an older article
    https://www.livewiremarkets.com/wires/the-new-criterion-two-different-approaches-to-oil-and-gas-extraction
    "Globally, UCG has been deployed across 100 or so projects over the last 40 years, so at least the ‘technically viable’ box should be ticked"

    Last edited by dedication36: 06/03/19
 
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