LCK (ASX) What is it really worth?

Originally posted by woltage: ↑

Oh dear, this guy

They aren't using new technology, UCG (underground coal gassification), same thing as ISG, is decades old.

From the LCK website:

"ISG is not a new technology or process, and because it has successfully operated in many demonstration sites and commercial operations in several countries over many decades, its benefits are well documented."

Decades old technology, yes, but primarily used in Russia. Pulling the following from memory: UCG was invented by the Russians to create diesel during WW2, when oil was hard to come by. How stringent were/are Russia's environmental regulations?

LCK will be using the same UCG process as Linc (who also used Russian technology, and also spruiked UCG as "decades old"). CSIRO are an entity who HAVE improved on the process (used by Carbon Energy, CNX), I suggest you look them up to see how they're going.

Anyhoo, my main point is: Don't listen to this guy (he's a blatant ramper, let him lose all his money but not yours) and DYOR.

LCK only have environmental approval for their demonstration plant. From LCK November presentation: South Australian legislation specifically contemplatesand outlines approval pathway for ISG projects (S 35,Petroleum and Geothermal Energy Act, 2000). I suggest people read it.

It's all about environmental approval...

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Dont you have your micro cap stocks to comment on, most likely why your sour and lost your money,lck is the real deal, wouldn’t be sitting at 90-100m mcap Otherwise unlike your sub 10m capped stocks, that’s where the risk is. From feb release:

“Demonstrate that LCK can operate the In-Situ Gasification (ISG) gasifier safely and in an environmentally responsible manner• The Company reported on the 12th of December 2018 that “environmental results confirm the PCD is operating as expected, and in-line with scientific modelling”.• Ongoing monitoring by the Company and reported to the South Australian Government regulator continues to validate the fact that “the PCD can be operated in a few safe, regulated and controlled manner and that the LCEP is ideally suited to commercialization via the ISG process.” The Company will continue to work with and provide the South Australian Government regulator with the data it needs to make any future decisions.• LCK had zero reportable environmental or safety incidents during the operation of the PCD.

I dont think they have a problem there mate.

Dont you have your micro cap stocks to comment on, most likely...