Lakes Oil LKO

Discussion in 'Stocks & Derivatives' started by tolly_67, Nov 29, 2013.

  1. tolly_67

    tolly_67 Well-Known Member

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    ok.....lets connect the dots.
    2 big tenaments.....Gippsland and Great Ocean Rd area
    Coal Seam Gas
    on the nose at the moment.....0.005cents.....thats right half of a cent........but
    Gina Rineharts Hancock Prospecting has taken a serious interest......now owns 18.9% since January this year.
    Of the 6 board members...she controls 2.....Ian Plimer and.......Alexander Downer (Howard Liberal Party)
    Now the Chairman of the Victorian Gas Taskforce which has seriously recommended CSG to curb high domestic gas prices is........Peter Reith (Howard Liberal Party)
    Now who is in charge of Victoria.......Liberal Party.
    Although it has been prohibited until 2015........ a week is a long time in politics and if the domestic gas price rises......thanks in part to the control of AGL...which also has CSG..........then........well I wonder.
     
  2. Noppy

    Noppy New Member

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    I am following this one now Tolly.

    Do you think it will be fairly quite until the later half of 2014 with Victoria closed till 2015?
     
  3. tolly_67

    tolly_67 Well-Known Member

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    Hi Noppy,

    I was worried my dot connecting would go unnoticed...........


    Considering it has been below 1 cent for many years I think it is conceivable that it could hold on for a few years more now Our Fair Lady Gina will inject capital.......

    As for timing.........watch local gas prices............and something else I forgot to mention.....unemployment....there is already cracks in the union ranks.....Fracking creates jobs, regardless of environmental impact....one union official has already come out in support of it. If unemployment starts to rise quickly and gas prices rise quickly.............well

    If we are lucky, Martin Armstrong is highlighting the possibility of a short term correction on the markets.........this would hopefully knock a few point off the price of LKO...........so I think it would be worth a $5000 flutter sometime next year.

    Here's hoping...
     
  4. tolly_67

    tolly_67 Well-Known Member

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    Dropped to 0.003 cents....no that isn't a typo.
    Lashed out and bought 200,000 shares....sounds impressive right
    No, not really...only$600.
    Used the coin I had found with my metal detector.
     
  5. TheEnd

    TheEnd Well-Known Member

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    If I had the spare money I would do what you just have Tolly......And if Gina is getting in on it theres gotta be some better days ahead eventually?
     
  6. MyNamesNotBen

    MyNamesNotBen New Member

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    I like the way you type tolly :)
     
  7. GOLDPIRATE

    GOLDPIRATE New Member

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    The 1 cent for many years has got me stumped. Definately in my things to look @ later on bag for sure ;)
     
  8. tolly_67

    tolly_67 Well-Known Member

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    In my dreams it goes back to 1cent....
     
  9. tolly_67

    tolly_67 Well-Known Member

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    Just put in a bid for another 2 million of these babies....
    @0.004
    I am trying to catch up to Gina Rinehart.....
     
  10. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    some changes going to happen to this shares.
    I have millions of this. Going to be 2 cents and pays interests on them
     
  11. tolly_67

    tolly_67 Well-Known Member

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    ooooooooh.....I am dreaming of the share going back to 2 cents....
     
  12. tolly_67

    tolly_67 Well-Known Member

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    O.k. looking for some thoughts on my absolute dog of a stock.
    They got completely screwed over by the Vic government.
    Now they are suing for approx. 3 Billion dollars.
    Things in my favour.....most governments are incompetent such that the policy made in haste has more holes in it than the Bismarck.
    A good legal team would have 3 Billion as an ambit with the hope of collecting several hundred million. This would completely re-capitalise the stock and perhaps send it to the 1 cent mark.
    I actually make money for once in my life......
    How is that for a dream?
     
  13. SilverDJ

    SilverDJ Well-Known Member

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  14. tolly_67

    tolly_67 Well-Known Member

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    A payout of 200 million would give me 2 cents per share......woooooooo hoooooooo. Payday.
     
  15. SilverTouch

    SilverTouch Member Silver Stacker

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    Any news on the ruling of the courts decision on this one?
     
  16. tolly_67

    tolly_67 Well-Known Member

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    There should be an answer from the court in the next month or two from last report.
     
  17. SilverTouch

    SilverTouch Member Silver Stacker

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    Very keen to see the results of this.
     
  18. Slimey

    Slimey Well-Known Member

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    Now Lakes Blue Energy....should probably be Lazarus Energy (back from the dead)
    Bought a thousand bucks worth at .0008....since the lowest possible sell price is .001, I will make a 25% profit immediately.
    Anyone else still sailing on this Titanic?
     
  19. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Should have changed their ticker symbol to "POS"...more reflective of their real value.

    I will give it to LKO, they are consistent and have developed a wonderful descending flag formation since 1990. I did have some shares in this company in the late 90's...up, down..down, up again...I think I broke even in the end if you don't count the brokerage fees.

    upload_2022-2-7_21-54-29.png
     
  20. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    This company is a dud. Following it is like Following the current moderator on this forum. Useless information.
     

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