LNC - Linc Energy

[mexican]

Price of oil should really not effect LNC, the main thing with LNC is that they will produce cleaner fuels by a cleaner process. Unlike Sasol and others.

Ever since LNC announced the merger with SXP the sp has been up and down like a yoyo!
Might just be a coincidence with the down turn of the market.

 

[Pigsy]

I just wish I could pick the lows on this one. On 3 occasions now I've bought in only to find the stock price drop. This will teach me to run stop losses. I haven't sold out yet hoping for a turn around when some sort of production announcement is made.

 

[Evangeline]

we will all be very relieved when some liquids are produced from that pilot plant....and the sp should go ballistic! meanwhile its a waiting game and the volatility is extreme

 

[LittleMak]

Yes Col, I also am a believer and will roll with the punches. I think that those heading for the exit are being spooked by the down turn in energy shares. There is no reason fluctuations in oil price should affect Linc. I have just dug out the !2 June BBY Analysis of Linc. At that time their valuation of the share price was 5.50 based on the long term price of oil at US$65 a barrel.

It should also be noted that BBY own shares in LNC so of course they will pump up the valuation price.

Still a long way to go before LNC start producing and making profits, and thats when the share price should reflect its true value.

Hopefully not too much longer before pilot plant proves successful. I suspect many people will be taking profits after all the hype from the pilot plant subsides in these current markets?

Good luck to all Holders.

 

[grace]

The only thing I really want to buy is more of these, but PB just keeps bringing out the good announcements........I guess one shouldn't complain. Was hoping for some weakness for a top up......we'll see how the Banks travel this week for some more weakness in the overall market.

 

[Go Nuke]

The only thing I really want to buy is more of these, but PB just keeps bringing out the good announcements........I guess one shouldn't complain. Was hoping for some weakness for a top up......we'll see how the Banks travel this week for some more weakness in the overall market.

Gee Grace how much more weakness were you hopeing for?

It was $4+ just a few days ago ..then dropped like a rock!

Your right though...more good news to come the way of LNC holders....oh except that write up in Saturdays Courier Mail about the court win for QGC and BG against Linc

 

[Calliope]

Go Nuke, I saw that item in the C-M on Saturday. The writer thought the news was responsible for the big drop in LNC last Friday. There is a similar article in the Australian today. P.B. said that the stoush would not slow down the company's billion dollar project aims and that the injunction was not released to the exchange because it was not seen as material. If you want to read the article go to The Australian on Google, go to Business, Mining and Energy and "Search For" Linc

 

[grace]

Go Nuke, I saw that item in the C-M on Saturday. The writer thought the news was responsible for the big drop in LNC last Friday. There is a similar article in the Australian today. P.B. said that the stoush would not slow down the company's billion dollar project aims and that the injunction was not released to the exchange because it was not seen as material. If you want to read the article go to The Australian on Google, go to Business, Mining and Energy and "Search For" Linc

Yes, it is not significant. Finally got that top up today. Much happier now. This is holding up well considering where it came from. Showing great strength really. A bit of news should come through on Sapex too over the next few months.

 

[grace]

BRR interview with Mr Bond....licensed to......?

Should be liquids within 2 - 4 weeks from today, and then he said 2 - 3 weeks a bit later in the interview.

Spoke of Sapex merger, sale of coking coal deposit "Theresa" later this year to fund Chinchilla commercial project..hoping not to dilute shareholder value.

Tick Tock, Tick Tock.

http://www.brr.com.au/asx/LNC/linc-energy-ltd/

PS Site Tour is on 21/8/08 for those interested. admin@chinchilla.org.au (conference administrator)

 

[namrog]

Hows it goin Grace,

Saw your comment in the annual comp thread, and had a little laugh to myself.
Believe me, there's not much the rest of you can learn from me, and yeah, I try not to be a ramper, in fact I joined ASF to be able to view charts when displayed in different threads,( which I couldn't do as a guest ) and to learn myself from the knowledgeable folk here.

Haven't been posting here as I don't think I can add much of real value, and mostly post my oppinions on another board, and it all takes time as well, especially at the pace that i type.

So just to give you my current thoughts on LNC, I've pasted below a post from yesterday.
----------------------------------------------------------------------
As commisioning of the demo plant enters its final phase, the time is fast approaching for Linc shares to make or break, as is reflected by the chart pattern, whereby it is working itself into the pointy end of a classic triangle.

I would expect when it does break, that a move of $2 p/s at least, is on the cards, hopefully up, and going by the chart pattern, could happen within the next 5 to 10 trading days.
Volume shows strong interest, so any move will get em on board in a hurry.
Picked up a few more today @ $3-33, would be nice to offload some @ $6-66.
Also, the slight change in market sentiment over the last couple of days should give the SP a major kick along on any good news.
-------------------------------------------------------------------------

So there you go Grace, am going on a bit of a bush trip in 3 weeks time, never been to the outback before , will be for around 21 days, to Broken hill, Simpson, Ayres rock, Henley on todd, Birdsville races, lightning ridge, and hopeing to have the time to call and have a look at the Linc demo plant on the way home.

Hope to post more regularly re LNC, but it goes without saying that the next week or three will make or break us.

All my oppinion only and dyodd.
Re Joe.

 

[FelicityM]

You have Linc with a market cap of about 1.3 billion, demo plant almost complete. Once complete it will only produce 10 barrels of diesel a day, which won't be sold. So no initial profit until they build a larger plant in a couple of years. Much of the share-price has already been factored in, because US investors have bought truck-loads of the stock.

Then you have Carbon Energy with a market cap of around 200 million, demo plant to be fully fabricated in September, gasification in October. These guys are building one simple CSIRO designed module to begin with, and when they need more power/fertilizer/fuel they just add more modules. Carbon Energy have much more potential upside in my opinion. Less risk, MOU with Incitec Pivot Fertilizers, better technology.

I know where I'd prefer to invest my money.

 

[Calliope]

Welcome Felicity. What you say about Linc makes a lot of sense. I have been a long term holder and at times I have a nagging feeling that, although they issue a lot of announcements, they are not being completely transparent. However I am optimistic that their test drilling on their "Therese" tenement near Emerald for high grade coking coal will end up being very profitable. The eventual sale of this asset should go a long way to funding their big project at Chinchilla.
I agree with you on CNX and I look forward to your postings on that thread.

 

[mexican]

Yes yes yes. We have heard it all before FM.
Good luck with CNX. I am sure you will do well.
Like you said, alot of American interest. Why? Well time will tell.

 

[grace]

Well, it's nice to have something green today. Keeping the market well informed seems to keep the sellers at bay.

GTL Plant Progresses to the Next Stage

Linc Energy has also progressed on the completion of the GTL demonstration facility with all relevant piping now complete, the last of the testing being completed over the next few days before final commissioning is commenced on liquids production late this week.

Mr Bond said “you will not see liquids straight away as there are a number of basic steps which need ramping up, including activation of the Fischer Tropsch (GTL reactor catalyst) before liquids can be manufactured. We are definitely on the final stretch now for liquids production and that is incredibly exciting for all the team at Linc Energy and its shareholders”.

Linc Energy Ltd announced today that late last week the Company had ignited its No. 3 Underground Coal Gasifier Field (known as No. 3 Generator).

The new UCG field is already producing very good quality gas, which is being fed to the “flare” on the Chinchilla site.

The Linc Energy team expect that this synthetic gas (syngas) from the new UCG field will be the perfect feed gas for Linc Energy’s GTL demonstration facility.

Mr Peter Bond, Linc Energy’s CEO said “the commencement of flaring UCG gas from the No. 3 Generator is a significant milestone. Simply put, our first two (2) UCG generators were being driven predominantly from the Russian UCG experience and their processes. This new field is definitely a Linc Energy based process and a significant step forward from the old process”.

]“As any of our sophisticated investors know, the ability of Linc Energy to produce abundant amounts of low cost gas from its vast reserves of coal at various locations around Australia and indeed the world, is the secret source to Linc Energy’s success.

UCG combined with GTL means Linc Energy can produce high quality diesel fuel from low cost UCG gas and Linc Energy becomes the only company in the world capable of taking a $1 Tonne of coal in-situ and turning that coal into $140 barrel of diesel (via UCG to GTL). Let’s face it, this is the sort of business model most sophisticated investors like very much indeed;”

The new UCG field (UCG Generator 3) will be capable of producing in excess of 250,000 cubic metres of syngas per day from its initial operations. With the construction of the commercial size UCG field after final approvals have been obtained, Linc Energy’s UCG operations will be capable of producing approximately one million (1,000,000) cubic metres of syngas per hour.

http://aspect.comsec.com.au/asxdata/20080805/pdf/00866895.pdf

 

[Go Nuke]

Right on Grace.

For once it looks like i made the right choice in selling out of FMG to buy into LNC

Even if I'm still on a loss today

At lest there should be more good news to come

 

[LittleMak]

Mr Peter Bond, Linc Energy’s CEO said “the commencement of flaring UCG gas from the No. 3 Generator is a significant milestone. Simply put, our first two (2) UCG generators were being driven predominantly from the Russian UCG experience and their processes. This new field is definitely a Linc Energy based process and a significant step forward from the old process”.

Eeeek that dosent sound good! they bought the old technology and now it dosent work as good as they hoped? are they now running with scissors? making it up as they go? Come on Linc keep it together!!!!

 

[ColB]

I emailed Janelle van de Velde, Manager Investor Relations & Corporate Communications to try and find out when the trial GTL Plant will actually 'produce liquid'. I received a reply within 6 minutes of my email having been sent and it reads as follows.....

The ballpark period for anticipated liquid is likely to be weeks not
days..... Whilst it is difficult to get a true sense of the size and
complexity of this plant from the images we have shown, there are many
facets to this plant and as gas enters the plant, each module is being
commissioned individually.

We will be holding a shareholder day at site as we did last November however that date is yet to be confirmed.

I do understand your concern however I am also confident that when you
witness the finished product in person, you will truly appreciate how
complex this world-first operation is. [Regards Janelle van de Velde]

So, whilst the commissioning of this plant will commence in the next couple of weeks or so we are not to expect the 'LIQUID GOLD' to flow until some time after. Hopefully that is the catalyst to set the SP alight!

I wouldn't think LNC would be merging with Sapex to secure their holdings, nor would several million shares be placed at $3.70 to institutions, professional investors and the like if their process is not going to be successful. Just a little more patience, like 4-6 weeks to see its SP back at old highs.

I disclose holding a very large parcel

 

[awg]

share price has been really hammered this morning.

same as CNX (the old Metex)

presumably this is on the assumption oil prices to fall and stabilise

cant see that any recent anns would precipitate this fall

anyone else know more?

could be a buy opp for true believers

 

[TheAbyss]

LNC down 14% this morning. Interesting moves afoot regarding evironmental concerns with G2L technology on the environment.

Could just be a pi$$ing contest between QGC and LNC as the Qld Govt has licensed the same tenements twice. QGC are saying there can be only one whilst LNC are adamant that the two technologies can coexist and have the ear of some influential people to tell their side of the story too.

Added to this the Qld mines and energy minister has stated that they are at least 3 years away from granting a production license to G2L companies.

Quote " Queensland Mines and Energy Minister Geoff Wilson said the government "has no intention of granting production tenures for underground coal gasification for at least three years". "

This last statement will impact on all G2L companies in Qld and potenitially Australia i suspect. Interesting times indeed with some guaranteed turbulence ahead imo.

 

[fitz007]

https://www.macquarie.com.au/emgonl...hehdr=0&feedId=208970&irn=380112&macCode=7888

out today .. worth a read mate
as you say .. firm believer !~ haha