Let paint a picture IF this is on the table from the decision
If we get to drill, then it will just be business as usual and many years to any full flow and rev- maybe a little within a year- SP will jump to 1c to 5c maybe after halt.
If we are awarded
1 billion dollars or even half of that - the second the trading starts after halt, the SP will skyrocket to maybe
$1 (total guess) or even better even allowing for the large registry- All money will be sold from other stocks and sent to LKO plus new buyers- everybody will be panic buying.
Cash in the bank is real value and Lakes will go from nothing to rich instantly so that is what we should be hoping for. Drilling is expensive and time consuming with no guarantee of anything- so as i say "cash is king"
Also another CRITICAL point,
If the court is considering damages ect on loss of earnings on the wells, where do they get their data from?
The govt Figures??? or independent survey if there is one. Or do they go on Lakes numbers or general estimate of the area?. This may be tricky.
Have they been delayed as they wait for Govt numbers and info requested and is VIC govt still doing survey?
Is the Vic govt supplying data that will cost them TONS of money? Hmm
Just some ideas OMO and every week we are closer to a maybe new exciting chapter and frantic trading...
(20min delay)
