Australian (ASX) Stock Market Forum

LNC - Linc Energy

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Goldmann said:
had a look into it, i too get the DR...

the clean coal they are talking about is WEC... White Coal or whatever it is... its not still mid $2.. its above $3 now...
Click to expand...

Hm WEC, interesting

White Energy Company Limited (WEC, formerly Amerod Resources Limited) aims to create a diversified resource group with unique mining technology capabilities. WECs existing asset base includes Coal Technology Assets and Mineral Exploration Assets

So when is WEC expected to be in production?

thx

MS
 
Linc just caught my eye today after reading the report from the Australian Small Cap Investor ramping it up big time.

Anyway, had a quick look at LNC and it looks to be getting smashed like the rest of the market at the moment but I will keep my eye on this one... The technology does sound interesting.
 
Yes Linc has a very interesting way of getting Diesel out of Coal.

I locked at them 3 month ago (from an Engineering Point Of View) and I'm impressed but don’t hold anything yet.

I think it could work but why is it not recognised by Professional Engineers around the world yet? considering this technology has been around for numerous years (Google Russian Coal to Gas).

As I said before, I do like the technology and love to have a cleaner Environment but I’m also an Engineer in the Resource Business (Meaning that I have seen hundreds of good ideas in my life before).

The report you linked is properly a downturn for any professional investor; kind of ‘Buy one share and we will trow in a Blender for FREE;’ style, to much US Early Morning TV Adds style.

I do not hold Linc shares but have it on my list of thinks to lock into in the next 12 month.;)

You could check this out if you interested in it:

http://www.csiro.au/csiro/channel/pchco.html
 
HeAlll

Just wanted to know your thoughts on LNC share. I recently bought a huge amount of LNC shares at 3.51, but last few days they have just been taking a hammering. Is it still worth holding? Any signs of recovery or further declines or should i just cut my losses?
 
flipztacy said:
HeAlll

Just wanted to know your thoughts on LNC share. I recently bought a huge amount of LNC shares at 3.51, but last few days they have just been taking a hammering. Is it still worth holding? Any signs of recovery or further declines or should i just cut my losses?
Click to expand...

Can not tell you whether to hold or sell, but any day now, pilot plant will be fully commissioned. It could be as late as next month though. If it all goes well, expect a lot of media publicity.
 
Thanks Grace


Do you kno what the causes of the the declining prices? havent heard any bad news yet...do you hold any of lnc shares?
 
grace said:
Can not tell you whether to hold or sell, but any day now, pilot plant will be fully commissioned. It could be as late as next month though. If it all goes well, expect a lot of media publicity.
Click to expand...

Grace

I have been doing a lot of reading about LNC over the past couple of weeks, and especially the last week on this forum, it looks very promising, the only question I have and can't seem to find is the production date (20000bpd), at least MEE have set a date of 2009.
 
flipztacy said:
Thanks Grace


Do you kno what the causes of the the declining prices? havent heard any bad news yet...do you hold any of lnc shares?
Click to expand...

I hold LNC... entry price 3.70... bought for the short term in the interest of plant being commissioned...

interesting after i bought - Daily Reckoning slammed out their "buy this now and you will be rich"... maybe i am the next talbot hahaha.

anyway - declining price COULD be because:

1) nothing is certain in world markets at present
2) the ASX has been on a constant downer for the last month or so (if not longer)
3) when nothing is certain, smaller caps get smashed more than big established players (you should see some of my small gold plays that have been slashed)
4) perhaps some people are taking their profits now (remembering it was under a $1 not that long ago)
5) nothing is guarenteed with LNC actually doing what they say they can

that all said... the potential upside for me outweighs the risk. so thats why i hold... but thats me, your make up your own mind...
 
Lack of news on the commissioning could also be making people edgy.

I rather them take their time and get it right the first time in lieu of announcing a major delay due to rushing it. But i am still edgy.
 
Well after dipping under 3 bucks yesterday it jumped 8% today!!!

I'm hesitant to buy anything in this current market... but watching this one closely!
 
Relax, Relax people! Mr. Bond and co will get it right.
The plant starting up will be big news, but the announcements that should come after that will be bigger.
I still think that something is in the wind in the US, once the plant fires up we will know.
Been holding for over 14 months and will be holding for a lot longer.
 
mexican said:
Relax, Relax people! Mr. Bond and co will get it right.
The plant starting up will be big news, but the announcements that should come after that will be bigger.
I still think that something is in the wind in the US, once the plant fires up we will know.
Been holding for over 14 months and will be holding for a lot longer.
Click to expand...

Yes, good post Mexican! I'm still holding of course (think I've been in it 18 months).

I've read a number of media reports that the plant has been commissioned. Well I'm sure they have got it wrong! No news to the ASX yet. I heard a broker on ABC radio this morning saying "it's probably a couple of weeks away".

Today's CM pg 12 on Linc.....trying to say they will infest the water etc. However PB puts up the fight. Some quotes....

Linc already has successfully tested its pilot plant at Chinchilla and, according to an independent environmental assessment, there was no groundwater contamination, no surface subidence and no surface contamination
Click to expand...

Then talks about Wyoming groundwater contamination.

But Linc MD Peter Bond is adamant that the processes the company is using are tried and tested, and that the Wyoming case "was a perfect experiment in what not to do".
Click to expand...

In the Surat Basin alone there are an estimated 25 - 30 billion tonnes of coal. Just one million tonnes of coal can yield the energy equivalent of at least 300 million litres of petrol!
Click to expand...

Now put that in your calculator and what do you get (cost of production at $25/barrel).:)
 
Grace. I saw that article in the CM. Like all tabloids they prefer a negative headline to a positive one. It could just as easily been the other way around. For negative thoughts National Toxics Network is a good place to go. The Queensland Conservation Council's home page has an article on coal seam gas.If you go to the links there seems to be some concerns on CO2 emissions in the production of electricity from CSG and Syngas. I understand that in the GTL process there are of course emissions, but much less than in the current production and refining of diesel.
The biggest positive is national Interest and I think this will carry greater weight than the doomsayers.
 
Can anyone please help???

LNC poised to make millions...
LNC has small coal reserves..?
Large caps ( BHP, MCC, CNA) etc have massive reserves....
Gasification technology is 40 years old, so why haven't large caps tried the technology???
Why hasn't the U.S. which has massive reserves of coal and is big importer of oil, tried the technology, which can be purchased from Canada or Russia???
 
Not so sure that they have small coal reserves. 400 million tonne and rising at Chinchilla. Other deposits not yet drilled. Coking coal deposit not yet drilled. Taking over SXP Sapex with Billions of tonnes already.

Price of oil I think has a lot to do with why now. When oil was $10 barrel, not viable.
 
Can anyone please help???

LNC poised to make millions...
LNC has small coal reserves..?
Large caps ( BHP, MCC, CNA) etc have massive reserves....
Gasification technology is 40 years old, so why haven't large caps tried the technology???
Why hasn't the U.S. which has massive reserves of coal and is big importer of oil, tried the technology, which can be purchased from Canada or Russia???
cheers
 
revilo said:
Can anyone please help???

LNC poised to make millions...
LNC has small coal reserves..?
Large caps ( BHP, MCC, CNA) etc have massive reserves....
Gasification technology is 40 years old, so why haven't large caps tried the technology???
Why hasn't the U.S. which has massive reserves of coal and is big importer of oil, tried the technology, which can be purchased from Canada or Russia???
cheers
Click to expand...

Why shouldn't Linc be first? Everything that's ever been done, was done first by someone, often while others watched on and thought "why didn't I think of that". A couple of years back, when oil prices were more stable and no-one had heard the term 'peak oil', there was no incentive to try things like this; now there is plenty of incentive and Linc happens to be first out of the gate.

As for BHP etc, maybe the large caps don't have the right kind of reserves (coal trapped in seams that are uneconomical to mine). Maybe they don't have the flexibility in their business plans to try risky ventures. Maybe they're happy to allow smaller caps to prove the process before moving into the field. Maybe their directors were slow to embrace the idea.

'Old technology?'... Linc may have chosen to go this way because the process has 40 years of success behind it. And an experienced work-force to implement it. Maybe it's a wise move to utilise tried and tested technology in a venture like this.

As for the 'small coal reserves' you mentioned, have you read Linc's announcements regarding the merger with Sapex? Furthermore, if the process works, and Linc does 'make millions' (a conservative estimate should the process work), do you think they will find it difficult to obtain further reserves?
 

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