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LNC - Linc Energy

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LNC taking off nicely. 306 now

Interesting to see how the volume today pans out.

Could well reach top of triangle next few days
 
Originally posted by Basilio
I had a laugh when I saw that chart Basilio, but then it would not be like Peter Bond to have anything negative in the newsletter. He'd wannabee confident, he owns half the company.

Good day today though.

PS Thanks for your technical analysis Korrupt! Good work.
 
Linc tour was yesterday - did anyone go? Might spark a bit of buying from the energy conference Surat Basin over these couple of days. CSG'ers are there too.
 
Happy to see LNC heading in the right direction

Still some hurdles to cross... some very high ones too...

I think a breakout of around the $3.40 zone might see it propelled higher to atleast around the high $3's...

Just hope more good news to come else we could easily settle back to support
 

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Is the current price (3.30) a good one to buy at, I'm willing to hold for a while?
Are they already in the process of converting the gas to diesel?
How long before they are producing 20,000 barrels a day?
 
0239666 said:
Is the current price (3.30) a good one to buy at, I'm willing to hold for a while?
Are they already in the process of converting the gas to diesel?
How long before they are producing 20,000 barrels a day?
Click to expand...

Noone on this site is allowed to tell you if you should be buying or selling.
Pilot plant (10 barrels/day) is currently in final commissioning.

20 000 barrels won't be for some time yet. Read back over this thread, or some of the investor presentations released. This will give you a better idea about what to expect from now on.

Some brokers have given valuations on Linc. These have been "linked" on this thread, or you will find them on Linc's website, which is also a good site for other information. Good Luck. I hold.
 
Firstly, I would like to thank all the contributors to this thread.
To holders of Linc stock, this is our time in the sun, as good as it gets.
We know the timetable of coming events. Media coverage will add to the SP.
Good luck to all.
 
Some nice movement upwards last few days to break the downward trendline as seen in the chart above. Would like to see it break through the close of $3.97 on July 23 before I'm fully convinced this one is on the way back. I'm holding ..... because if I sell now it's a big loss!!!!
 
I refer to Mojohand's post on Aug 9, ie-


"I'm not sure if the forum members here are aware of this but it was revealed on the HC Forum that the article's author, Lenora Taylor, ran as a Greens candidate in 2004 in the seat of Moggill. Frankly those Green credentials should have been disclosed in the article allowing readers to understand her personal feelings toward UCG and CTL. Instead the article is disguised as a piece of "impartial journalism"."

On checking the DR site today- http://www.dailyreckoning.com.au/coal-seam-methane/2008/08/07/

I found the following post from the author of the original article-

"Comment by Lenore Taylor on 9 August 2008:

I just signed on to see what Dan Denning did with the information I sent him last week and have found this defamatory nonsense from Hotcopper about me allegedly being a Greens candidate. Of course noone stopped to check. Hadthey done so they would have discovered that there are (at least) two people with the name Lenore Taylor in Australia - one regularly runs for the Greens and the other is me - national correspondent for The Australian. Of course no political correspondent would be a member of a political party, let alone run in elections. And Dan, those are indeed the views of the department, as provided to me in the written document I sent you...Lenore Taylor (the political correspondent, not the candidate)."

So, we should be careful with posts from forums especially if from a different forum.

Disclosure- I hold both LNC and CNX
 
HAHAHA that so funny.

Caught out!:hide:

Good to see LNC up today.
Looks to have closed above its current downtrend, however a few bad days on the DOW and it might look like its resumed.

HOWEVER...Im sure there must be people sitting just on the sidelines till more good news regarding the GTL comes out

Exciting future ahead......I hope
 
There's some movement going on here. The price is slowly but surely creeping back to $3.70, which is where a lot of people came in. It must give them heart.
 
Looking forward to final commissioning of pilot plant, Bond stated 14-21days on the 18th of August. Lets hope linc meets this deadline.
 
Calliope said:
There's some movement going on here. The price is slowly but surely creeping back to $3.70, which is where a lot of people came in. It must give them heart.
Click to expand...

how did you know.... i had a buy order in at 2.60 last week that would of taken my entry down to 3.05, and it only got as low as 2.70.... bugger... and i can still hear the advice of my mentor saying dont let a few cents cost you a lot more in the long run...
 
What happened today? Why are lemmings on the run? What spooked them? If anyone has an explanation I would like to hear it. CNX took a hiding too. It could be something to do with UCG. There was a 11.7% drop from the high to the low.
 
Calliope, I wish I could add some light, up early then hammered at 1pm.
Short selling ?. I would have expected volume to drop off slightly pending final commissioning. Again I wish I could explain yesterday, but I cannot.
Has anyone got a view on yesterday?.
 
Energy prices down across the board is my only explanation... Oil is getting hammered, and with it goes gas... look at QGC now down around $4, and they are actually producing and selling.

This stocks potential is magnified by a high oil price, so when it drops their will always be a correlation...

I may yet get my sub-$3 restock.

IMO all this tooing and froing is neither here nor there until the plant is commissioned... but it would be nice if the commisiong announcement is made when the stock is above $3.70 - then its all gravy...
 
I just bought some of these today. Im kinda happy I got a good price before commisioning starts. Could the drop be something to do with extra expenses (overtime, extra resources....) incurred for preparation of the final commisioning. They are probably driving to meet the deadline.
 
Any costs from hereon are minimal.
Cannot work it out.
The technology is proven, ie; Sasol in South Africa gas to liquids. In Russia and the US coal to gas to liquids.
Linc has said that it can improve the results. ok
Production cost refined $29.00. Does anyone know the cost to refine a barrel, minimal I guess.
Petroleum say $105, BBY used $75 ( hey unlikely ever again )PS $5.5-6.5 sh.
Australia has unlimited coal too deep to cost effectively mine ( all over Australia not just the Surat basin), now we can burn it and turn into diesel and jet fuel.
The Sapex merger was well thought out. Any state ( any Country ) are going welcome Linc with open arms.
So commissioning this week ( heavy rain expected ) maybe next week, and the price is down to $3.10. Can you believe it.
 
If South Africa are doing Gas to Liquids, and US and Russia are doing coal to gas to liquids, what part makes Linc Energy a worlds first?
 
0239666 said:
If South Africa are doing Gas to Liquids, and US and Russia are doing coal to gas to liquids, what part makes Linc Energy a worlds first?
Click to expand...

The South African Sasol project produces gas from mined coal. The gas then goes through the gas to liquids (GTL) process. This is a highly pollutant industry.

In Russia (and Uzbekistan) they do use the underground coal gasification (UCG) process, however Russia is rich in oil and is not interested in GTL. They use the syngas produced for power generation.

The Linc project are pioneers in that they they will be combining UCG and GTL in a continous integrated processs on the one site, with minimal environmental impact.
 
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