LCK 6.06% 17.5¢ leigh creek energy limited

LCK Price, page-760

  1. 3,719 Posts.
    lightbulb Created with Sketch. 114
    They did a full demonstration.
    Several projects around the country.
    They didn't get 2P reserves... don't think they tried. They were more focused on promoting their coal resources. (Did Linc produce 2P reserves, I can't remember).
    They were even singing MOUs with China to deploy the technology there. Indeed, in the end, they saw overseas as the only place they could deploy the tech,
    Eventually, they were shut down by dwindling cash reserves and environmental concerns (which I think were unwarranted). i.e. toxic chemicals from the gasification process.
    I lost quite a bit of money.
    If you want a history the announcement from 2010-2011 will give you a good idea of how far they progressed before things went pair shaped. Quite sad when you see how far progressed they were at Kingston. An impressive plant that did everything they said it would. Hate to think how much money they invested for zero return. Must've been up around $100 million.
 
watchlist Created with Sketch. Add LCK (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.