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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I dont think the ISG technology was the problem. It was greed and poor management that lead to environmental damage.
""It pursued commercial interests over environmental safeguards."

There are many other key factors that distinguish between the two projects, ie site selection is very important. I suggest you have a read at this.
http://www.lcke.com.au/Portals/87/Content/Documents/CorporateResponsibilty/LCK%20-%20FS07%20QLD%20SA%20-%20ONLINE.pdf

The technology is working in the right direction, that is why you see the African Carbon Energy and CCCC signed a deal with LCK because they see great value and potential in the technology under proper controls, whereas Linc energy was a lone project and had a 'black box' approach.

What is it really worth?, page-114