Forum Archive Index - February 2000

["Brett & Leeanne Phillips" <bret-lil@ihug.co.nz>]

Hi Nigel,

I must agree, I have been watching LKO for several weeks and also have been
taking special note of their announcements and also comments made on Aussie
Bullboards/Chat forums.

Firstly I understand the company is presently investigating the potential
of a new oil find within their licensed area.(see announcement
approx-9/02/2000)

Secondly they are close to confirming a deal which gives them sole "Aussie"
rights to a revolutionary new energy product.(see announcement
approx-7/02/2000)

And lastly their is also rumor that a major energy company(?) has been
showing a
lot interest in LKO recently.(www.stockhouse.com.au)

One or even two out of three would'nt be bad.

I have taken a look at the top 20 shareholder list while visiting their
website and recognise some reasonably  major investors
represented.(www.lakesoil.com.au)
There has been good trading volumes in Aussie and apparently some brokers
are suggesting that LKO will be trading in the 15-20 cent range in the
short to medium term.  I hope they are correct as I am  trying to top up at
just under 6 cents at present.

I feel sure this stock has potential, although this maybe missed by NZ
investors / traders, (lets hope not,) I would hate to see the Aussies make a
killing
because we're to slow to catch on once again!

Watch out for further announcements soon, this share from my viewpoint has
much more potental than FRO, even when your technology obsessed like myself.
However if your looking for a great tech stock I can't see how you could go
past dual listed CGB at present.( This company is going global.. and has
real daring & attitude ... and only a small number of shareholders )

Technology stocks are still my preference. Tech developments are still in
their infancy, those who believe the bubble is about to burst are just
kidding themselves.(we're still year behind the US and Europe) We are now in
a development transition which has never been witnessed before( the nearest
comparison is the industrial revolution)and this technology driven
transition will continue to evolve indefinitely. Look back 2-3 years, who
would have believed you could buy and sell stocks(live) for instance..on the
internet, while sitting on the beach, using your mobile phone.. and that's
just the start. My small business has saved $100,000 in the past year by
developing it's own costing and accounting system which cost a mere $20,000
to design and programme (what an investment) and of course we can on sell
also to re cope some of that cost!

I don't believe we can compare 'good' tech stocks to the property stocks
that caused so much pain in the late 80's. Of course the secret is picking
the good ones.! Good luck!

Cheers Bret


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