re: re who spank d'monkey.lunchalot/oafter
My view is that Lunchalot will earn more than lunch money on this one, although I guess his bills are on the high side. Could be considered business expenses though ... just need to hang around Funtasticos or Black Toms on a Friday to hear as much good oil as you can digest on these small companies.
Lion looks set to go on from here. They have a solid presence in Indonesia and, at long last, a responsible, experienced and honest Board. They are debt free, cashed up from the sale of Bula, have about 120 barrels per day net production from the Oseil field and a strategic position in the underexplored Seram PSC area.
Their recent Company update indicates that the process is now in train to finally get the Dawang and Solan prospects drilled. Long term shareholders will remember that these were on the cards some years ago when Lion was called Kalrez. They are shallow (less than 600m) and relatively low risk but Lion/Kalrez could never get the projects off the ground because they were always in default with the Kufpec (operator) cash calls. Shareholders have disgraced former chairman Joe Mercorella to thank for that. To their credit the new board has resolved this situation, so look for some serious exploration activity in the near future.
I have bought stock recently and am looking for a serious turnaround in sentiment once the market digests what has been done to rejuvenate this company.
My personal view is that there is a serious player(s) attempting to accumulate stock at 0.003 / 0.004 and they are attempting to manipulate the market as described in Lunchalot's recent posts.
LIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
