Hi, Paul.

PE> FM> You should get out more. :-) If you read the business pages in the
PE> FM> popular press you will have seen over the last couple of weeks an
PE> almost
PE> FM> continuous torrent of reports on the Gawler Craton - basically, it's
PE> the
PE> FM> whole of the middle of South Australia. About 8 or 9 companies are
PE> FM> usually mentioned, including Helix (HLX & HLXO) who *doubled* their
PE> FM> share price in one day.

PE> LKO didn't double in one day, but they have doubled in the last fortnight.

Yeah, I first noticed them at around 2.8, but I wasn't as confident in
my source at that point and needed to do some further research. HLX has
actually had some drilling results, LKO not yet. But the 4 points I
mentioned will I think mean further growth for LKO.

PE> PE> FM> has had a lot of press lately. One company which
PE> PE> FM> hasn't been mentioned is Lakes Oil (LKO).

PE> PE> Is that good?  To buy?  BFN.  Paul.

PE> FM> Do I have to spell it out for you? That was supposed to be a subtle
PE> FM> hint.

PE> It's usually best to spell things out to me, I'm not very good at
PE> second-guessing.  In the above case, I thought LKO might not have been
PE> mentioned because it was a complete writeoff, and you were warning me about
PE> it "everything else is really great, but don't be tempted on
that one".

Yeah, OK. :-)

PE> FM> They closed today at, I think, 6.2/6.3. I think that's cheap. Your
PE> FM> decision. I own a million, ish.

PE> Ok, I want to de-expose from NTS anyway, and everyone else is doing a much
PE> better job at panic-selling than I am, so I'll just have to put up with

I still like NTS, but it's not happening quickly is it. LKO is.

PE> that.  Can you sell 99000 NTS at market and buy LKO at market.  You can var
PE> the fine detail of that, e.g. waiting a couple of days before selling, or
PE> waiting a couple of days before buying. BFN.  Paul.

OK, will do. Does that mean you could fund the few days if I bought
before selling?

Regards, fIM.

 * * Praise: What you receive when you are no longer alive.
@EOT:

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