LNC - Linc Energy
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eric read article on the australian - that mechanical issue was on monday announcments...
was bit worried for a few minutes then
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My guess is that LNC will make their ann on Monday morning and then resume trading. A logical assumption from their ann last Monday is that they will tell us that the demo plant is producing diesel.
This is the news everybody is waiting for, but is the market receptive to good news? Some very good energy stocks have taken a hammering today. The downside is, it is a toss up as to whether good news will send Lnc up or will it continue down.
On the upside, we will know that Lnc is on the right track.
This is the news everybody is waiting for, but is the market receptive to good news? Some very good energy stocks have taken a hammering today. The downside is, it is a toss up as to whether good news will send Lnc up or will it continue down.
On the upside, we will know that Lnc is on the right track.
Glen48
Money can't buy Poverty
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Suppose if you have shares in LNC just sit back and ride it out until G W is kicked out and Palin get the reigns and sorts it all out selling Moose burgers to help the USA economy.
Don't look for the bottom there isn't any.
Don't look for the bottom there isn't any.
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In this market I don't think good news has been doing anything positive to share prices other than reducing the amount it falls by....so good or bad I doubt whether the price will rise with any significance. Unfortunately....shame this news didn't come out 2-3 weeks ago....
It could be worse considering the state of the markets at the moment. LNC looks to be in a larger corrective move currently and the wave (C). I have labelled the stock in the wave 3 of this larger wave (C) which seems clear due to the impulsive nature of the move down. The important thing now is if the August lows hold up, or if the stock can pierce through by a small margin. I think this is certainly one to put on a watchlist to see how it pans out.
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Morningstar Daily Research Update - Friday, 10 October 2008
Linc Energy (LNC) is expected to commence demonstration production at its Chinchilla gas-to-liquids project in Queensland state early next weak, a person close to the situation said. Linc shares were placed in a trading halt pending an announcement by the company no later than the commencement of trade on Tuesday. "The halt is expected to be lifted Tuesday ahead of first production of liquids from the demonstration plant," the person said. On Monday, Linc said production had been "slightly" delayed due to minor mechanical issues and was expected to begin this coming weekend. LNC remained unchanged at $3.20.
Linc Energy (LNC) is expected to commence demonstration production at its Chinchilla gas-to-liquids project in Queensland state early next weak, a person close to the situation said. Linc shares were placed in a trading halt pending an announcement by the company no later than the commencement of trade on Tuesday. "The halt is expected to be lifted Tuesday ahead of first production of liquids from the demonstration plant," the person said. On Monday, Linc said production had been "slightly" delayed due to minor mechanical issues and was expected to begin this coming weekend. LNC remained unchanged at $3.20.
could well be good news. However it takes a lot of good news in this market to lift the share price. I do feel that we could have an up day on Monday, maybe a dead cat bounce.
LNC is the only stock I am hanging on to, I am totally in cash otherwise. bargains will come up
LNC is the only stock I am hanging on to, I am totally in cash otherwise. bargains will come up
Glen48
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Take a punt and buy in at 10.01 Tuesday morn and get back all that we have lost over the past month or wait and see which way it goes? Suppose we should see what happens on NYSE tonight Friday their time.
How many more 10-15% daily drops can be left in the market?
How many more 10-15% daily drops can be left in the market?
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trading halt till tuesday.. they r biting time,
these people r smart.. when they make their ann
boom
these people r smart.. when they make their ann
boom
The Dow traded in negative territory again Friday (-1.5%). They're haling that as a good day. The key thing will be what the world leaders announce over the weekend to save the world. Australia will be the one of the first markets to open after that announcement. This could be the launching pad for a good day on Monday. If LNC's news is good it could send the sp upward.
That's what I'm hoping anyway.
That's what I'm hoping anyway.
Glen48
Money can't buy Poverty
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The next problem is if they rocket do you sell and buy back in again once the market goes down again?
I can see the market keep going down until investors decide its time.
I can see the market keep going down until investors decide its time.
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The only thing that will get this stock price moving is the completion of the Emerald Teresa Tenement, if this falls through this stock is going to suffer, 1.5 billion in cash will be an enormous asset in this market, that said this technology is very attractive to China and others as they will be able to source energy from within their borders rather than relying on imports there by keeping the money within their economies.
Something else to add to their ASX announcement on Tuesday (See article below.) Liquids plus another deal! That would be nice!
Project puts underground coal gasification on trial run
The Vietnam Coal-Mineral Industries Group (Vinacomin) is to work with partners from Australia and Japan on trial use of underground coal gasification (UCG) technology in the Red River coal basin.
To this end, Vinacomin signed a 6.5 million USD project with Australia’s Linc Energy Ltd. and the Marubeni Corporation of Japan in Hanoi on Oct. 11.
Of the total investment, Vinacomin contributes up to 60 percent, while the rest is shouldered equally by Linc Energy and Marubeni.
The deal, which goes into effect imediately after the signing, is designed to conduct geological study and UCG at the Tien Dung mine in Khoai Chau district, Hung Yen province, 30 km to the northeast of Hanoi.
Vinacomin chairman Doan Van Kien said if the trial use of UCG technology proves to be successful, it will open up a great prospect for the exploitation of the entire Red River coal basin which is estimated to boast reserves of 20-30 billion tonnes, 5-6 times higher than the northeastern Quang Ninh mine.
The project is scheduled for completion by the end of 2009. The concerned partners are planning to set up a joint venture to use gas bumped out from the targeted mines to produce electricity and diesel once the project yields positive results.
Source: http://english.vietnamnet.vn/biz/2008/10/808099/
Project puts underground coal gasification on trial run
The Vietnam Coal-Mineral Industries Group (Vinacomin) is to work with partners from Australia and Japan on trial use of underground coal gasification (UCG) technology in the Red River coal basin.
To this end, Vinacomin signed a 6.5 million USD project with Australia’s Linc Energy Ltd. and the Marubeni Corporation of Japan in Hanoi on Oct. 11.
Of the total investment, Vinacomin contributes up to 60 percent, while the rest is shouldered equally by Linc Energy and Marubeni.
The deal, which goes into effect imediately after the signing, is designed to conduct geological study and UCG at the Tien Dung mine in Khoai Chau district, Hung Yen province, 30 km to the northeast of Hanoi.
Vinacomin chairman Doan Van Kien said if the trial use of UCG technology proves to be successful, it will open up a great prospect for the exploitation of the entire Red River coal basin which is estimated to boast reserves of 20-30 billion tonnes, 5-6 times higher than the northeastern Quang Ninh mine.
The project is scheduled for completion by the end of 2009. The concerned partners are planning to set up a joint venture to use gas bumped out from the targeted mines to produce electricity and diesel once the project yields positive results.
Source: http://english.vietnamnet.vn/biz/2008/10/808099/
That's another bit of great news.
I'm quietly confident about this week.
We are living in a history making period, possibly on a couple of fronts !!
Given that-
1. The US market dropped only about 1% on Fri and
2. The G20 Finance Ministers were united on Sat (even if a bit vague)
I think our market won't drop much further (perhaps 1%) if at all.
If this is the case and an announcement by LNC that the long awaited diesel has started to flow, the market will re-rate the stock and the price should move north by $1+ IMHO.
I agree that the completion of the "Teresa tenement" sale will have a positive
effect on the share price and any negative news on this front will see the stock take a dive initially. Don't forget LNC will still own a very valuable asset.
As previously stated I hold LNC shares.
There are traders out there that only do 1 thing, and that is day trade! These guys are sick and tired IMO of these ridiculous conditions. There are always a few stocks in the green even on a day like Friday. Not to mention there isn't any shortselling to profit from the downtrend.
If the ann is positive I can only expect 1 thing and that is North after a short delay of traders looking at each other for a few minutes before the pounce. A opportuinity to make a good 10% to 150% in a day IMO if the liquids are produced and the sale of the coal tenements have gone through (both together - maybe thats a little optimistic but this PB is a very switched on fella).
If and only if the price goes south and and liquids are produced, I say hold on to your hats because QAN, TOL, and many overseas companies heavily dependant energy will absolutely jump on this to get a share. I wouldn't be suprised if WPL or STO make an offer thats already been crafted and just waiting for the production of liquids.
Look at the SP of QAN absolutly smashed (not as much as others), oil is dropping but so is the the AUD offsetting any gain. If I were running QAN and these liquids we're produced I would jump on LNC. Are they this smart? Would you think they haven't even heard of LNC?
All I know is, anyone that thinks LNC will drop after the two announcement of the sale and the production of liquids, would fear a drop in the price would noway be possible when comes to the time to trade. They will buy in panic in fear of missing out on any gains to offset against their losses to date on something so sound like LNC (you would think any1 in the market at the moment would have been severely affected by these conditions and looking to make a correction of their losses).
With the Queensland government to have a **** load of a decrease in taxes from a slowing commodity market, they would allow for a production plant to be built if they don't they can easily build a production plant in South Australia on their other property. PB knows what his doing, his the contingency king.
Even if it's not in Australia, China will be willing and even foot the whole bill for the building of the mass production plant. This technology was already proven by the Russians, its not like its never been done, it will work, esspecially if PB is on the case. He holds to many shares and wouldn't stand to lose money on this, his probly got a million contingency plans, its a matter on succeeding for him know, he wouldn't settle for anything less.
They have already got the money to build the new plant with the sale of the tenement, no debt needed. Even if it doesnt work this week it would be a reason to buy more, PB will screw it through.
By the way DYOR and everything I say or think is totally bull****, don't listen to me I don't know anything!!! I bought back in to LNC at 3.52 looking to average out so I would be delighted to buy in at a further ridiculously low price.
Happy trading every1.
If the ann is positive I can only expect 1 thing and that is North after a short delay of traders looking at each other for a few minutes before the pounce. A opportuinity to make a good 10% to 150% in a day IMO if the liquids are produced and the sale of the coal tenements have gone through (both together - maybe thats a little optimistic but this PB is a very switched on fella).
If and only if the price goes south and and liquids are produced, I say hold on to your hats because QAN, TOL, and many overseas companies heavily dependant energy will absolutely jump on this to get a share. I wouldn't be suprised if WPL or STO make an offer thats already been crafted and just waiting for the production of liquids.
Look at the SP of QAN absolutly smashed (not as much as others), oil is dropping but so is the the AUD offsetting any gain. If I were running QAN and these liquids we're produced I would jump on LNC. Are they this smart? Would you think they haven't even heard of LNC?
All I know is, anyone that thinks LNC will drop after the two announcement of the sale and the production of liquids, would fear a drop in the price would noway be possible when comes to the time to trade. They will buy in panic in fear of missing out on any gains to offset against their losses to date on something so sound like LNC (you would think any1 in the market at the moment would have been severely affected by these conditions and looking to make a correction of their losses).
With the Queensland government to have a **** load of a decrease in taxes from a slowing commodity market, they would allow for a production plant to be built if they don't they can easily build a production plant in South Australia on their other property. PB knows what his doing, his the contingency king.
Even if it's not in Australia, China will be willing and even foot the whole bill for the building of the mass production plant. This technology was already proven by the Russians, its not like its never been done, it will work, esspecially if PB is on the case. He holds to many shares and wouldn't stand to lose money on this, his probly got a million contingency plans, its a matter on succeeding for him know, he wouldn't settle for anything less.
They have already got the money to build the new plant with the sale of the tenement, no debt needed. Even if it doesnt work this week it would be a reason to buy more, PB will screw it through.
By the way DYOR and everything I say or think is totally bull****, don't listen to me I don't know anything!!! I bought back in to LNC at 3.52 looking to average out so I would be delighted to buy in at a further ridiculously low price.
Happy trading every1.
I agree. I don't think the market will go too much further south.
At the end of the day, eventually panic & fear has to give way to common sense, and common sense says there are some absolute bargains on the market.
The prosperity will return. Just a matter of when.
That's probably the major reason the All Ords is up 5% today.
Glen48
Money can't buy Poverty
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I have a few shares in CNM who are in to clean coal tech. and a few other lines , their shares went up to day 14.8% which could be a good indicator of where punters are looking to invest????
