Member Info for SuperRoty

If cost reductions have been successfully addressed LEK is undervalued in its current state.
The SP is being depressed because the market thinks LEK is trying to run before it can walk. Capital is needed and quick and the CEO is heavily invested and does not want to dilute.

Will be interesting to see if anything has to give but with existing debt being reduced, some sort of positive outcome is likely.

Woodie.

I am an accountant and concluded the same.

Also look at the net assets as compared to MCAP.

Way undervalued.

Trouble is everyone tops slices on spud and I often find the sp falls and you get less. All depends on COS and sentiment.

Loz

Mine is similar. I have no clue on price in the summer but 4p is realistic.

I am taking the same approach here as I did with MATD last December after the duster.

Buy heavy now and sell as the SP rises. I doubled my money on MATD and I hope I can do the same here and get out before drilling starts

I think they are knocking together a set of Q3 management accounts to tell the market if they are now profitable. Hence they delay.

Nothing is likely to happen this year so people sell up to make some money elsewhere. Trouble is we are in uncertain times and a bear market.

Mike.

No complaints from me. The lower it goes the more I buy

Time is lapsing on drill permits.

GET A MOVE ON!

I will be very happy with £0.1825p. That's a massive rise from here

I know Len Bernard sold a few that he bought at 1.40p. He is hoping it drops so he can do it again.

Same here and I will derisk on the way to the drills.

Thank you directors. Much appreciated.

Have a nice day.

They may hold back until after the auction for even better news

It must be a buy. That is the quote I am getting.

Agreed and so can the rest of us.

I wish him the best.

AW has been shafted like the rest of us but on a bigger scale.

Yes mad to buy if discounted placement coming. You will lose 50% immediately.

Why would anyone buy when a placement is coming

There is nothing Great about this company.

WARNING

This company will seriously damage your wealth.

Yes. I feel I was conned here and with many other similar companies and that is bordering on what some may say is a scam.