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04/03/19
10:14
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Originally posted by dedication36:
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From what i can see is the Energy minister seems very open-minded and supportive of the LCK project based on his statement below. South Australian Energy Minister Dan van Holst Pellekaan, whose vast Stuart electorate takes in Leigh Creek, told The Australian that the ALP motion was a concerning policy backflip.“Now that Labor is in opposition, they have chosen a dangerous path where they are deciding the fate of individual projects without expert advice,” he said.“Labor’s new resources policy approach is reckless and would do great harm to the industry and our state’s economy.” Even world-renowned expert in UCG agreed as stated " Through an independentreview of both theLeigh Creek site andthe site at Chinchillain Queensland, itwas found to beunreasonable tocompare the LeighCreek Energy projectwith the Linc Energyproject due to materialdifferences relatingto site suitability,operational practicesand the level ofregulatory oversight." Sorry for repeating the same point but it's such a crucial point that i think the market is missing out and not valuing the potential upside of this company. It's seriously undervalued right now but once LCK begins to receive its well-deserved recognition from all their hard-work in the past 4 years or more then SP will surge like crazy. The Board and management team have overcame many high-risk events such as the Green/ALTA and court cases, thus creating a battle-harden Board with thicken tough skin in order to strive towards the next growth phase which all holders wish for, JV and sell its reserves/gas to Australia gas market and commercial project.
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Can someone enlighten me on the comment "the ALP motion was a concerning policy backflip.“Now that Labor is in opposition, they have chosen a dangerous path where they are deciding the fate of individual projects without expert advice,” he said.“Labor’s new resources policy approach is reckless and would do great harm to the industry and our state’s economy. ” Has Kuotsantonis/Labor resiled from earlier support of the Project?