Would be happy if a fraction of this comes true? If it is as significant a discovery as reported (which I think it could be) I don't think they will have any trouble finding companies wanting to partake in ongoing partnerships. Until that time I remain hopeful but not over committed. I feel that this type of leaching is only the start. There will always be snouts looking for a troff.
LNC - Linc Energy
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Would be happy if a fraction of this comes true? If it is as significant a discovery as reported (which I think it could be) I don't think they will have any trouble finding companies wanting to partake in ongoing partnerships. Until that time I remain hopeful but not over committed. I feel that this type of leaching is only the start. There will always be snouts looking for a troff.
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That video is the biggest load of s#!7 I have ever seen.
An intelligene briefing!! This is a new low.
This is the worst company on the ASX in terms of the way it goes around trying to suck people in.
The name Bond is a name that continues to be poison for this country.
You realise these dickheads are both reading from scripts!!!
An intelligene briefing!! This is a new low.
This is the worst company on the ASX in terms of the way it goes around trying to suck people in.
The name Bond is a name that continues to be poison for this country.
You realise these dickheads are both reading from scripts!!!
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God that is a scary story !! Every word screams out Come in sucker !! and SCAM!!
I can see how it will create some instant interest in the stock market as people start to move into the stocks mentioned and theefore create a rise.
But that doesn't translate into a multi trillion dollar shale oil development.
One of the points I found most intriguing however was a reference to massive oil flows in the testing drills that seem to be the basis for the 233 BBOL predicted for the Basin.
I think Peter Bond has some explaining to do. If the deal is as good these guys say then we have been seriously under informed. But if as everyone else notes there is a long, long way to go before it is proven then this pitch is not kosher IMO.
I can see how it will create some instant interest in the stock market as people start to move into the stocks mentioned and theefore create a rise.
But that doesn't translate into a multi trillion dollar shale oil development.
One of the points I found most intriguing however was a reference to massive oil flows in the testing drills that seem to be the basis for the 233 BBOL predicted for the Basin.
I think Peter Bond has some explaining to do. If the deal is as good these guys say then we have been seriously under informed. But if as everyone else notes there is a long, long way to go before it is proven then this pitch is not kosher IMO.
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So continues the long running pattern of over the top hype with little or no substance.
These guys should be running nightclubs or organising festivals, such is their ability to hype things up to ridiculous extent. There is, of course, a bit of a difference in the consequences of ending up at an over-hyped club or festival versus saying that you're going to turn global economics and politics on its' head with massive implications. Several orders of magnitude difference.
I'm thinking there's more to this than meets the eye. Possibilities:
1. There is real potential and they are just trying whatever means they can to get funding. Possible but it's looking more and more suspect.
2. It's a scam as such. Nothing more and nothing less. Plausible and their actions are increasingly pointing this way.
3. The notion of a major new oil supply is being supported (whether true or not) by various other parties for ultimate ends which could include suppressing the oil price and/or making a credible threat toward Middle East nations. As such, they'd be quite happy to assist with the hype (and ensure that ASIC doesn't investigate). If you could pull it off then convincing the Saudi's that there's heaps of oil in Australia would be one sure way to stop them hiking prices too much I'd think.
#3 Is a conspiracy theory certainly, but it has occurred to me that it's not impossible. Unlikely, but something just ain't right with this company and the way it operates and that's about the only half-rational explanation I can think of other than it being an outright scam.
These guys should be running nightclubs or organising festivals, such is their ability to hype things up to ridiculous extent. There is, of course, a bit of a difference in the consequences of ending up at an over-hyped club or festival versus saying that you're going to turn global economics and politics on its' head with massive implications. Several orders of magnitude difference.
I'm thinking there's more to this than meets the eye. Possibilities:
1. There is real potential and they are just trying whatever means they can to get funding. Possible but it's looking more and more suspect.
2. It's a scam as such. Nothing more and nothing less. Plausible and their actions are increasingly pointing this way.
3. The notion of a major new oil supply is being supported (whether true or not) by various other parties for ultimate ends which could include suppressing the oil price and/or making a credible threat toward Middle East nations. As such, they'd be quite happy to assist with the hype (and ensure that ASIC doesn't investigate). If you could pull it off then convincing the Saudi's that there's heaps of oil in Australia would be one sure way to stop them hiking prices too much I'd think.
#3 Is a conspiracy theory certainly, but it has occurred to me that it's not impossible. Unlikely, but something just ain't right with this company and the way it operates and that's about the only half-rational explanation I can think of other than it being an outright scam.
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No it wouldn't. Prince Slimeface of Arabia would simply open his small change purse and buy LNC if there were a drop of truth to this rubbish.
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Good find Smalltimer.
I can't see what all the fuss is about regarding these two muppets.
I receive these type of sales pitches on a daily basis from companies like "The Motley Fool", promising huge returns in return for an investment in "special reports".
It appears to me that Linc energy, although mentioned, didn't necessarily have any input.
Only time will tell if, and how much O&G is in the ground, and economically extractable.
Linc remains a speculative play, and I for one am hesitant to jump back on board.
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The reason for the fuss is the "here we go again" factor.
The amount of hype this company has either attracted or created of its' own accord is way out of proportion to anything the company has actually achieved. That it is consistent and at least partly being driven by the company itself rings a few alarm bells.
Maybe it's legit. Maybe.....
The amount of hype this company has either attracted or created of its' own accord is way out of proportion to anything the company has actually achieved. That it is consistent and at least partly being driven by the company itself rings a few alarm bells.
Maybe it's legit. Maybe.....
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So continues the long running pattern of over the top hype with little or no substance.
These guys should be running nightclubs or organising festivals, such is their ability to hype things up to ridiculous extent. There is, of course, a bit of a difference in the consequences of ending up at an over-hyped club or festival versus saying that you're going to turn global economics and politics on its' head with massive implications. Several orders of magnitude difference.
I'm thinking there's more to this than meets the eye. Possibilities:
1. There is real potential and they are just trying whatever means they can to get funding. Possible but it's looking more and more suspect.
2. It's a scam as such. Nothing more and nothing less. Plausible and their actions are increasingly pointing this way.
3. The notion of a major new oil supply is being supported (whether true or not) by various other parties for ultimate ends which could include suppressing the oil price and/or making a credible threat toward Middle East nations. As such, they'd be quite happy to assist with the hype (and ensure that ASIC doesn't investigate). If you could pull it off then convincing the Saudi's that there's heaps of oil in Australia would be one sure way to stop them hiking prices too much I'd think.
#3 Is a conspiracy theory certainly, but it has occurred to me that it's not impossible. Unlikely, but something just ain't right with this company and the way it operates and that's about the only half-rational explanation I can think of other than it being an outright scam.
Read up a bit on Linc at ASX...looked up extraction cost of oil shale...there may be the oil there at what they suggest. However, the extraction costs are so great it seems like it may just sit there until they can figure out a financially feasible and ecological means to 'go for it'.
I will not be investing at this point, in spite of the hype...give me a better rationale to buy in rather than emotional hype and show me how it is possible to extract it at a cost equal to the liquid gold and will then consider it!
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dumping and pumping tactics by the credit Suisse. to increase stock volume for traders to open there wallets wider.
Country Lad
Off into the sunset
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Skatter, I would like to know how you arrived at that view. Over the last 7 trading days for which the broker details are available, Credit Suisse have accounted for only 4.9% of the turnover spread over the days trading each day. Seems hardly enough to influence the price.
Cheers
Country Lad
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But wait! There's more!
Seriously, I think the point here is that there's a gap between the hype and reality thus far. This stock is highly speculative in my opinion.
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What irks me about this situation is that LNC does have (IMO) a number of excellent resource and technology opportunities. The Adani coal sale still stands to deliver some big royalties. The UCG technology is good and hopefully will be commercialized soon. The oil and gas divisions are now going ahead. The fuel cells are progressing nicely.
This oil shale deal was always a relatively small speculative part of LNCs portfolio. To have it promoted out of this world seems self destructive.
This oil shale deal was always a relatively small speculative part of LNCs portfolio. To have it promoted out of this world seems self destructive.
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What's happening up in QLD are we ever going to produce any more diesel than it takes for one car to drive across the country? From what I understand LNC has jumped through every hoop ticked every box and kissed every frog and the QLD government is still yet to make a decision either way. No wonder most of our best ideas end up producing profits for other countries!!!
So_Cynical
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Guys, just for a bit of perspective.
Chevron has agreed to a farm in agreement with BPT (349m) for a 60% stake in BPT's Shale project in the cooper basin.
So the facts are that
Chevron has agreed to a farm in agreement with BPT (349m) for a 60% stake in BPT's Shale project in the cooper basin.
So the facts are that
- Major global players are interested in Aussie shale
- The deep shale in Central Aust has gas in large intersections (proven by BPT)
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Emphasis mine.
Gas they will probably find I don't doubt that. It's the notion of 200+ billion barrels of oil that could be considered pure guesswork at best. The world's largest oil field by far, and on a continent that is prospective primarily for gas rather than oil. Hmm.....
That Chevron, an "oil" company that has well and truly jumped on the gas bandwagon, adds to this notion.
There's nothing wrong with finding gas of course, although it's a lot less valuable than oil.
tinhat
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Interesting. It hasn't moved the share price though.
http://www.otcqx.com/qx/market/quote?symbol=LNCGY
Tinny, I'm not sure if you're saying it hasn't moved in the US (it did by 3.62%) or here.
If it was here you spoke too soon. LNC has hit an intraday high of $2.55 and is currently $2.53 on turnover of 5.6m shares.
