LOD - Lodestone Energy

[sandik17]

Re: LOD - Lodestone Exploration

Ran into the 9's today and then finished off the day at 8.9c.

Very pleasing. See in the report just out they have given Directors some achievable incentive bonuses of $2M each if shares hit 25c. All except Lance Grimstone who will get $4M.

Hope they get them!!

Duckman

$2M each....or $4M for Grimstone....how does one become a director in these companies!!!
Some incentive! Has been great to see these staying firm, not a lot of volatility here....

 

[Gekko]

Re: LOD - Lodestone Exploration

Yeah I know these guys get good bonuses but and this is my opinion only I think this particular management desrve it.

I sure remember the grim days when we were staring at a 1cent stock yikes! So is anyone out there still following this stock?

 

[berbouy]

Re: LOD - Lodestone Exploration

yes still following, gekko;been a long time between posts on LOD , i held on to these through that last volume/price spike,(hoping those directors get to their bonus levels...) and today there was an announcement that somebody has done a royalty deal, where LOD gets 3 million-perhaps avoiding a cap raising?at least that is a little more funding for moving forward with their plans, whatever they may be.

 

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

The old LOD,

Interesting to see how far its come, with hindsight I should have trippled or quadruppled my holding at 1c oh well

I have still made an excellent profit out of this

1c low to 18c high thats 1800% eeeshhhhhhhh



Oh and yeah management are a savy bunch moving into UCG did wonders for the share price and my bank balance :

 

[Gekko]

Re: LOD - Lodestone Exploration

Cant be too greedy there. 1800% beats 5% per annum bank interest. LOD isn't trading the volumes it use to, but its set in what looks to be a long term floor

 

[YOUNG_TRADER]

Re: LOD - Lodestone Exploration

doubt anyone actually scalped the whole 1800% but it was a definite 3-5 bagger for most

Its interesting to look back with hindsight but it was so obvious that once they made the move to UCG and pegged those grounds near CXY, CNX and LNC a re-rating would happen

 

[Duckman#72]

Re: LOD - Lodestone Exploration

Lod hit 19.5c today. It's now gone past the previous highs of June.

Major announcements are still to come.

Duckman

 

[Duckman#72]

Re: LOD - Lodestone Exploration

LOD back to 19.5c today.

Hasn't taken out 20c yet but plenty of buyers and not many sellers.

Annual report presentation was tabled to ASX on the 9th and is a good read for those bullish on coal-seam gas.

They are getting drillers in and watch this space for future test results.

Management is hoping that coal will fund the future development of their coal-seam gas projects.

Nothing has changed my view from this being a great specie to keep an eye on.

Duckman

 

[Duckman#72]

Re: LOD - Lodestone Exploration

Anyone else watching these?

After a couple of months of 17-19c trading, they moved into the 20's this morning, initially hitting a high of 21c.

Keep going!!

Duckman

 

[bazollie]

Re: LOD - Lodestone Exploration

Very quiet on the LOD thread at the moment. The SP has copped a bit of a battering as well. There are a lot of shares on issue now over 650M of them , so they will need to come up with some very positive news to breathe some life back into LOD.
Any comments from anyone?

Regards
Bazollie

 

[Duckman#72]

Re: LOD - Lodestone Exploration

Very quiet on the LOD thread at the moment. The SP has copped a bit of a battering as well. There are a lot of shares on issue now over 650M of them , so they will need to come up with some very positive news to breathe some life back into LOD.
Any comments from anyone?

Regards
Bazollie

Very disappointing.

The weather has played a part in delaying results - but I agree, very poor SP performance.

I still have faith and my contacts are confident. This is a company that covers approximately 2% of Queensland's land area.

In my opinion there are plenty of other minor players who don't have as much potential as LOD who's share price is much higher.

The release of test results and resulting publicity is all that is needed.

Duckman

 

[Duckman#72]

Re: LOD - Lodestone Exploration

There been some movement in the LOD's over the past couple of days. Opened at 10c this morning. That makes it roughly a 25% increase over the past week.

Cheers
Duckman