Australian (ASX) Stock Market Forum

LNC - Linc Energy

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Word is China closed down for weeks holiday as you do in a recession and LNC have sorted out the iOU's etc written a receipt for the $1.5 B Re booted the floppy drive and should be back on track. So keep the WD40 up to the testicles ( if you have any left) and hold on.
 
I hope they are able to produce diesel out of the gas sometime soon. Might be something that keeps this stock buoyant when other stocks (globally) are crashing. Let's see how we go over the next couple of weeks, announcement can't be too far away.
 
I really want to buy into this stock but its on the support level at $3 and the odds of more global bad news over the next week are pretty good. Deal or no deal if it breaches $2.80 its hello $1 imho. Energy stocks are usually good during recession/depressions but rational thinking has taken a backseat lately so who knows. Roll the dice, hope you win.:banghead:
 
I don't hold Linc Energy anymore, as I sold out a bit too soon. Now in "TRADING HALT", this morning.
 
LNC in a trading halt???? any one heard or know any thing???
Far as i know all should be going OK do we wait or look at buying some more?
 
Trading halt this morning.. bets on good news or bad news?? would be interested to here all you fellow holders of linc here?? im holder bought in yesterdat at 3.20..

cheers
 
Hopefully this is the good news everyones been waiting for. Why would they call a halt to announce this though. Kind of makes me think there could be a problem but i know this is unlikely.

Unfortunately don't hold. Held off buying yesterday and just logged on to hopefully pick it up a bit cheaper with sell off today.
 
This trading halt should be good news. They wouldn't put their trading on hold so that they can deliver bad news. Or have they stopped trading so that there isn't a massive selling of shares because of the failure to produce liquids by the weekend. What do you guys reckon?
 
0239666 said:
This trading halt should be good news. They wouldn't put their trading on hold so that they can deliver bad news. Or have they stopped trading so that there isn't a massive selling of shares because of the failure to produce liquids by the weekend. What do you guys reckon?
Click to expand...

As I understand it, trading halts are fairly normal before big announcements. AGO went into trading halt the other day pending a big announcement.

In saying that, LNC never called a halt before announcing the heads of agreement for the $1.5b chinese deal?

I'm staying positive. According to PB gas has now been introduced to all areas of the plant. The major hold up was the faulty computer cards.

It would be almost impossible to build something of this magnitude without any previous proven models and have it work perfectly straight away.

That's my take on things anyway...
 
Wow - All Ords down 7% in morning trade.

May sound crazy but I actually feel priviledged to be here to see this all happening. - its possibly once in a lifetime stuff.

Plus this will make us all appreciate the prosperous times a lot more when they return.

Maybe I'm just on drugs.
 
Well the great news is that LINC will be the best performing share on the ASX for at least a couple of days. Great time to call a time out.:)

Current history of this panicked market is that nothing is getting in the way of sellers trying to salvage whatever is left of their savings. So any announcement is being disregarded.

I'd say ( I sincerely hope..) that Peter is protecting LINC from the panic and crafting a very convincing story that may even result in an influx of new shareholders. Hopefully the story has 3 parts.

1) The engineering success of the pilot plant and confidence that the proposed commercial versions will be similarly effective.

2) Cast iron confirmation of the Xinwen purchase of the Teresa coal tenement for $1.5 billion and confirmation of funds acquisition over the next 6 months. He might even spell out that this gives LINC a cash box value of $3.60 + a share as well as absolute certainty of development capital.

3) Announcement of near term coal to oil projects with Xinwen given the success of the pilot plant.

As part of the bigger picture I would expect LINC to highlight the desperate need to replace rapidly depleting global oil reserves and the opportunity and necessity for LINC to bring on as many coal-to oil plants ASAP.

How does that sound ?
 
I'm with you Basilio. Good strategy IMHO. Look what happened to Carbon Energy CNX yesterday. They announce commercial UCG trial begins and their sp dives 11%. Today they're down 23%! Best not to be involved in this market at the moment.
 
yeh, i suspect this halt may be a delay tactic to insulate LNC from more downside pressure whilst the market goes through this purging process. it's a good smart move by PB if that is the case... this will maximise the speculated positive annoucement LNC has yet to make... and allow LNC to rally from a higher level... had LNC been trading today, it's possible it maybe trading around support at $2.80 today.

i haven't read the details of the halt yet... is there a timeframe when it will be lifted?
 
Maybe the find a heap of Gold and Diamonds blocking their pipes and had to stop to clean them out which means they will go down Tuesday or the Floppy disk use to boot the pc went through the washing
 
korrupt_1 said:
yeh, i suspect this halt may be a delay tactic to insulate LNC from more downside pressure whilst the market goes through this purging process. it's a good smart move by PB if that is the case... this will maximise the speculated positive annoucement LNC has yet to make... and allow LNC to rally from a higher level... had LNC been trading today, it's possible it maybe trading around support at $2.80 today.

i haven't read the details of the halt yet... is there a timeframe when it will be lifted?
Click to expand...

The ASX announcement reads...

"the securities will remain in pre-open until the earlier of the commencement of normal trading on Tuesday, 14 October 2008 or when the announcement is released to the market."

Tuesday is good because it should give Linc another day to get the plant up and running.
 
korrupt_1 said:
yeh, i suspect this halt may be a delay tactic to insulate LNC from more downside pressure whilst the market goes through this purging process. it's a good smart move by PB if that is the case... this will maximise the speculated positive annoucement LNC has yet to make... and allow LNC to rally from a higher level... had LNC been trading today, it's possible it maybe trading around support at $2.80 today.

i haven't read the details of the halt yet... is there a timeframe when it will be lifted?
Click to expand...

Geez, I wish all of my holdings were in trading halt! Some have good news overdue too. This would be the only ASX200 stock not in negative today from what I gather.
 
Hi Grace

You seem to have insider knoweledge when it comes to LINC... do you think this trading halt is for good news we are waiting for??
 
flipztacy said:
Hi Grace

You seem to have insider knoweledge when it comes to LINC... do you think this trading halt is for good news we are waiting for??
Click to expand...

No. Suspect it will be good news though. I've been waiting for this for what seems a life time. Feeling a little too sick about my other holdings to worry about bad news from linc. We must be close to this bottem now....(off topic I know). PB's marketing skills will hopefully shine next week. Black Friday and Monday will be gone, lets hope.
 
from AIR Midday report:
Linc Energy (LNC) have been placed in a trading halt pending an announcement on its Chinchilla coal-to-liquids facility - production of liquids from a demonstration facility has been slightly delayed on mechanical issue.
 

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