Australian (ASX) Stock Market Forum

LNC - Linc Energy

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Today's Announcement 5 Sept 08
http://www.asx.com.au/asxpdf/20080905/pdf/31c4p840w8f0qj.pdf

I noticed it is actually going into the ASX 200 as well which is even better than the 300

What it means is that funds such as index funds who replicate the ASX 200 or 300 will have to buy the stock so it may mean the price goes up depending on supply and demand. It will also mean the stock is on the radar of more fund managers and stockbroking analysts who concentrate on analysing companies in the top 200 also potentially leading to the price rising if they recommend it as a buy.

NOTE: NOT INTENDED AS ANY TYPE OF ADVICE
 
Sale of emerald coking coal deposit for $1.5 billion. Nice one Linc. Plenty of cash now thanks. Is that more than the mc?
 
No one saw that sale coming not even the market as the sp had been falling for the last few days! They didn't even announce a trading halt prior to the announcement. Maybe I was right holding this stock. :)
 
Doesn't it give you a good feeling about the last three days. Some idiots started it and all the lemmings headed over the cliff. I hope you true believers topped up.

I refer you to my post 268
 
WOW. 1.5 bill $$$$$$$$$$$. Looks like this is a start of great news to come.
The long wait has been worth while Grace!
1.5 bill $$$$$$$$ WOW!;)
 
ye har... and in the process of topping up in the fire sale on RIV, MOL and LNC - i scored some more LNC at 2.90.

what a lovely friday it is. go bondy you good thing.
 
I'm a holder of CNX and I have been reading this forum about LNC for a while now. This morning after reading some of these posts I decided to buy LNC for $2.99 and now look at it!!!! I would like to thank you all for such good info!

Michael
 
Decided to sell at $4.25, I will let the dust settle, as I think commissioning is 7 days plus away. Maybe buy back in around $3.60 if I get the chance.
Wait to see what the markets doing, some good buys this month as traditionally the miners take a dive in September.
 
mexican said:
WOW. 1.5 bill $$$$$$$$$$$. Looks like this is a start of great news to come.
The long wait has been worth while Grace!
1.5 bill $$$$$$$$ WOW!;)
Click to expand...

It's my stock pick this month in the comp.......third time lucky I hope! Yes, it has been a nice ride Mexican, and the funny thing is, I don't even feel anywhere near to selling her! It has been so kind to me!
 
grace said:
It's my stock pick this month in the comp.......third time lucky I hope! Yes, it has been a nice ride Mexican, and the funny thing is, I don't even feel anywhere near to selling her! It has been so kind to me!
Click to expand...

No not selling........diesel should be next week. No I will be with LNC for a while yet!
Still think that deal in the States is hanging around.
This ride is going to get even better!
 
I envy you guys whos stayed!!!. i get too impatient n sell to quickly.. gotta love LNC. ive always lost either by selling it too early or the sp plummets. still gotta love it.
 
almost sold it yesterday for a tiny profit - then hoping to get back in when it's a little lower... guess that would have been a mistake... still holding and targeting the last intraday highs at $4.90's
 
grace said:
It's my stock pick this month in the comp.......third time lucky I hope! Yes, it has been a nice ride Mexican, and the funny thing is, I don't even feel anywhere near to selling her! It has been so kind to me!
Click to expand...

I bought these stocks way back and it has been a rollercoaster ride. I have been tempted many times (remember when they nearly reached $5.00). I am staying all the way.
 
Calliope said:
I bought these stocks way back and it has been a rollercoaster ride. I have been tempted many times (remember when they nearly reached $5.00). I am staying all the way.
Click to expand...


Hi calliope,

And where is all the way????

They get bought out by someone like BHP or WPL???



--------------------------------
 
Well the best thing I did was sell out of FMG, but bought LNC at around $4...right before the sp took a dive (typical)...so I'm not really ahead. Though glad to hear there is more good news just around the corner.

I read the announcemnt just after it came out, but know very little about the market, so didn't know the significance of what $1.5Bil would do for the sp on a day like today.
Shame I didnt "buy at market" while reading the ann:(

Now I know;)
 
korrupt_1 said:
Hi calliope,

And where is all the way????

They get bought out by someone like BHP or WPL???



--------------------------------
Click to expand...

Don't forget MD Peter Bond owns over 50% of the company and he gives indications that he wishes to see Linc reach its full potential. So no sale of Linc is likely in the near future.

Also with less than 500m shares the $1.5 billion equates to over $3 per share.

It will be interesting to see BBY's latest report and valuation.

Disclosure -I hold LNC shares (and will for the next 5 years at least).
 
I'm a holder of CNX and I have been reading this forum about LNC for a while now. This morning after reading some of these posts I decided to buy LNC for $2.99 and now look at it!!!! I would like to thank you all for such good info! Michael
Click to expand...

What a difference 30 minutes makes Michael. You nearly missed it! I've broken all the rules in this one. (80% of my portfolio) Have accumulated heaps over the months and sold just under half of my holding today (60,000 shares) to take some profit. Like many here, we have been through a very choppy ride testing those stomach muscles out on several occasions.

I'm hanging on to the rest of my parcel for the commisioning of liquids and all those other deals (existing MOU's) that Bondy will do with Vietnam, China, India the US and who knows who else.

Thanks for the tip Grace! Col B
 

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