LNC - Linc Energy

[skc]

Haven't heard from these guys for a while... some AFR coverage.

Now is not a good time to specialise in technology that extracts petroleum from coal. Just have a look at Linc's share price, down more than 90 per cent since it relocated from Australia to Singapore in late 2013.

Read more: http://www.afr.com/brand/rear-window/peter-bond-20150909-gjim32#ixzz3lHgDuQYQ
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Last traded price = 12c SGD.

 

[notting]

Now you can understand why I was bashing them up so much all those years ago - https://www.aussiestockforums.com/forums/showthread.php?t=4010&p=804904&viewfull=1#post804904

and

https://www.aussiestockforums.com/forums/showthread.php?t=4010&p=762843&viewfull=1#post762843

and

https://www.aussiestockforums.com/forums/showthread.php?t=4010&p=757193&viewfull=1#post757193

Former Australian listed market darling Linc Energy has entered voluntary administration with the oil and gas focused company buckling over an ongoing debt restructure and recapitalisation.

Read more: http://www.theage.com.au/business/m...s-on-china-20160414-go6yav.html#ixzz45rFnTpcx

Please watch the video!!! -

[video]http://moneymappress.com/pro/ECLAus795.php?code=EECLP209&n=ECLAUS795EDIMMP&o=931638&s=937070&u=52134857&l=542933&g=96&r=Milo[/video]

 

[qldfrog]

not surprised, I lost 2k...But they moved to Singapore so no one will be sue anyone for the crap they actually said: Saudia Arabia size resources etc was the talk of the day..

 

[skc]

Now you can understand why I was bashing them up so much all those years ago -

They are worth bashing no doubt...but they were also a coal-related company.

Peabody filed for Chapter 11 earlier this week... that says enough about the state of the industry.

5 years ago no one would have predicted the rapid demise of coal. It was the black gold, and there's insatiable demand in China followed by India. We will always need to burn coal to generate electricity and make the steel, right?!

I wonder if the oil industry will head down that path.

 

[qldfrog]

just to help: there was a declaration of loss made on 27/05/2016 and it can be written off
a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued - in this case 2015/16
link (sic!!!) is dead