LIO 4.55% 2.1¢ lion energy limited

Hi folks,Traders just built too much blue sky intotheir...

  1. 5,411 Posts.
    Hi folks,

    Traders just built too much blue sky into
    their valuations .....

    ..... anybody that has worked in Indonesia will
    tell you, that the country runs on corruption and
    it is considered part of doing business, in that
    country.

    Such graft may be considered as part of the
    sovereign risk element for any company in
    Indonesia.

    -----

    It is interesting that they maintained their interest
    in Oseil, which still gives them a meagre income,
    via a third party and also makes it easier for LIO to
    do business.

    When the dust settles, LIO may come back into
    focus, as the bargain hunters move in .....

    happy days

    yogi

    :)
 
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