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LNC - Linc Energy

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Tezzad said:
Another promising announcement, but there still seems to be a lot of sellers around the $2 mark? Lets hope when I get home from work everybody is knocking themselves out to get on board.

Excited long time Linc Shareholder
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Your hope is already confirmed Tezzad.

S/P is currently $2.15 (up 18c) on sales of 3.3 M
 
Couldn't help myself. I stayed back to amuse myself watching it in real time. I must admit it quite exciting to no your on a winner (not that I think investing hard earned money in a solid company is punting). Would like it to see the day out around $2.15
 
Tezzad you may find it hard to leave your computer. I'd order in dinner/brekky just in case. LOL !!

Currently $2.20 again on 5.1M sales .

Some are saying that there will be little resistance up to $2.50. It may have to finish above $2.06 for a day before soaring to that target, so perhaps tomorrow .

It's always great to watch the S/P soar, especially when you have a few thou.
 
Did I hear correctly that some consultants are predicting something between 3 and 250 billion barrels under SA. At least they're giving themselves a little room to move on the numbers. Must be some pretty solid data they're working on to come up with such accurate figures.

$20 trillion worth? Huh
 
Just looked at the numbers, buyers for 2.5m shares, sellers 1.5m. They're lining up again today. I get a minds eye picture of all those people waiting out the front of the department stores before the Boxing Day sales.
 
Still on vertical climb.

I think the Peter Bond Press release with the huge reserve figures has sparked much of the flurry. The analysts have been much more cautious because as yet no one has clue how cost effective it will be to exploit this shale oil.
 
kennas said:
Anyone checked nearology stocks?
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I believe CTP has always touted its huge leases with the potential for coal, shale oil and traditional oil. In fact one of their selling points was the prediction that they had enough resources to power Australia for decades.

They have just never quite made it. Little movement today either.

I would wonder how many multi billion developments would be possible in our market ?

http://www.ucg-gtl.com/CTP-UCG-GTL-CTL-Helium
 
Sold the last of my holdings (20%) last week at just over $1.90, can't believe the screen today. Although I was very happy last week to get that price.
Sold 80% of my holdings at $3.60 a couple of years back so can't complain.
Chart very vertical, always opportunities and plenty of risks atm imo.
Will watch and wait, Linc has always been an interesting stock to follow.
 

correct, basilio

... and just wait till the planet saviours will link shale and the Artesian Basin's water supply
They'll have a fracking field day and keep courts busy for a decade.

But then again, the share price is rising, which is always an opportunity for traders to earn a living

 
Does anyone else think the Shale Oil announcement has too much blue sky ? That it has been marketed to a largely unsophisticated investing public that only see the (possible) 22 billions barrels of oil reserves and don't realise this is a very uncertain and long term proposition ?

It seems to me that every paper in the country is carrying the Press Release as a popular news story rather than a financial one. The result seems to be self fulfilling bubble. Perhaps its a neat way to justify to the Chinese the proposed $4.50 a share for the UCG/GTL project

I believe LNC has some very valuable assets and will be well worth its price. I'm just not convinced that this latest jump is based on a realistic deal.
 
Good to see more posters commenting on LNC even if some Mods are negative/sarcastic.

Seems as if the techies were right as I suggested yesterday- there was not much resistance in the S/P up to $2.50 .

Some are saying the next resistance is $2.75 .

Perhaps we will touch that mark tomorrow. Would be great to finish the week above $2.50 .

There is much more good news to come with LNC. The quarterly report due next week may enlighten us even more.

Sorry to see you exit the stock, Grace as you were an early poster on the LNC thread from memory.

However I understand that profits are always welcome and not much is guaranteed.

LT Holder
 
Its interesting to go back to start of this thread and reflect on the many stories LNC has run.

It began as a UCG/GTL play with the intention of being able to turn around the nations dependence on imported oil. The first GTL plant was commissioned around Feb 2008.

5 years later and there is still no commercial GTL plant. Certainly lots of research, improvements and possibilities.

But no commercial GTL operation.

There are very few certainties in mining and following LNCs progress has demonstrated how many slips there can be between plans and results. Which is why I'm not holding my breath on the shale oil announcement.

There a certainly some excellent projects on the go. But there have been many disappointments and nothing is guaranteed.
 
basilio said:
$2.70. !!! WTF. Does anyone have a Black Tulip bulb ?

http://www.thetulipomania.com/
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Make that new high of $2.83. A lazy 500%+ from the lows of Nov 2012.

I sold this morning at $2.44 thinking I was awesome

Just a random guess that this will come back 10%+ from this high in the next 2 days... just a gut feel and certainly not going to short this runaway bull.
 
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