LNC - Linc Energy
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I think Anna Bligh will be making herself available. She was speaking about using gas here in QLD for power and how clean we are up here on the radio the other day (cough, cough)
Some people are concerned about the cost associated with this process. I would imagine though, producing clean fuel will bring with it some sort of tax concession process (from the govt) where it would be at a price to encourage use.
If they prove up GTL, watch the big guys come in. In announcements last year, at least one player was mentioning an equity position in LINC down the track. I don't think they will have any trouble at all finding friends to finance this.
I have heard of some big players waiting to see how the plant will go and if all goes well, contracts will be signed.
(Pub talk).
We will see in the near future if shouting those beers were worth it.
I will be watching Sapex as well as they are sitting on a very big coal deposit in SA and they have a MOU with Linc.
(Pub talk).
We will see in the near future if shouting those beers were worth it.
I will be watching Sapex as well as they are sitting on a very big coal deposit in SA and they have a MOU with Linc.
I have heard of some big players waiting to see how the plant will go and if all goes well, contracts will be signed.
(Pub talk).
We will see in the near future if shouting those beers were worth it.
I will be watching Sapex as well as they are sitting on a very big coal deposit in SA and they have a MOU with Linc.
I hold both! Let's hope it's all good news to give them both a kick along. I read yesterday in the Courier Mail how Peter "shaken but not stirred" Bond is going to take his team out to lunch after the share price surge on Friday. I would have thought that they may have more to celebrate by the end of this week! Perhaps it is just one big party!
And sapex got a speeding ticket today with "no idea" from sapex. Suspect it could have something to do with LINC!
Got to love those speeding tickets.
From what I read on Linc's last announcement P Bond will inform us on how the plants commissioning is going, does this mean Linc will be later in firing up the plant, as I know it takes a few weeks to commission a plant with no hiccups!
Big day for Linc today. I heard Peter Bond on ABC radio regional news yesterday talking about commissioning the plant (but that it was 60 year old technology). Hope that is a positive sign.
I read that "full update on the commissioning and progress of the GTL Demo Plant on Friday 29/2/08".
That's tomorrow folks!
I read that "full update on the commissioning and progress of the GTL Demo Plant on Friday 29/2/08".
That's tomorrow folks!
Well, the plant will take up to 10 weeks to commission, with updates to be given along the way per ASX announcement on Friday.
Mr Peter Bond, Linc Energy’s Chief Executive said “This day has truly been the start
of something very significant for Linc Energy’s team and shareholders. The
beginning of commissioning of Australia’s first Coal to Liquids (CTL) plant and indeed
the world’s first Underground Coal Gasification (UCG) to diesel facility is something
we can all be very proud of. These steps we at Linc Energy are taking here at
Chinchilla will soon reverberate in the energy markets of the world. As more and
more people begin to realise that Linc Energy has the potential to produce a very
high quality diesel and jet fuel from coal at a low cost point with a low CO2 footprint,
the potential of such a company and what it offers will become obvious to all.”
Mr Peter Bond, Linc Energy’s Chief Executive said “This day has truly been the start
of something very significant for Linc Energy’s team and shareholders. The
beginning of commissioning of Australia’s first Coal to Liquids (CTL) plant and indeed
the world’s first Underground Coal Gasification (UCG) to diesel facility is something
we can all be very proud of. These steps we at Linc Energy are taking here at
Chinchilla will soon reverberate in the energy markets of the world. As more and
more people begin to realise that Linc Energy has the potential to produce a very
high quality diesel and jet fuel from coal at a low cost point with a low CO2 footprint,
the potential of such a company and what it offers will become obvious to all.”
Looking very promising.
Grace GTL has been around for a while, the Germans produced GTL from coal in WW2 when there was a short fall of oil. There was need to keep producing GTL after WW2 as there was loads of cheap crude oil from the middle east.
Being a 60+ year old tech is a good thing as you can only keep on improving this process.
I would not be surprised if it does take longer than 10 weeks going by the pictures of the plant. Remember it is quite a large pilot plant.
But all good things come to those that wait!
Grace GTL has been around for a while, the Germans produced GTL from coal in WW2 when there was a short fall of oil. There was need to keep producing GTL after WW2 as there was loads of cheap crude oil from the middle east.
Being a 60+ year old tech is a good thing as you can only keep on improving this process.
I would not be surprised if it does take longer than 10 weeks going by the pictures of the plant. Remember it is quite a large pilot plant.
But all good things come to those that wait!
You can tell I am no engineer. I thought they would just flick the switch so to speak. I can't see why it won't work either. Just need some patience and all will be revealed. I was down the road at Qld Gas "Windibri" on the weekend for their big day "Drama in the Gasfields". Didn't get the chance to catch up with the Directors though. I had a few questions too regarding the industry. They were kind of hanging all over the pollies, or was it the pollies hanging all over them.......
Well we have gone past 4 weeks on the plant commissioning out of a total 10 weeks.
Plenty of buying now happening. Lots of free media attention recently - all positive. Company said they would keep us up to date with commissioning progress so perhaps an announcement is on the way??????
Plenty of buying now happening. Lots of free media attention recently - all positive. Company said they would keep us up to date with commissioning progress so perhaps an announcement is on the way??????
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I was tempted to take profits on LNC with the placement set at a low 76 cents. However, they are amongst a few Aussie stocks, including Oxiana, who have the new form of Pink Sheets quote in the States.
Peabody could be interested somewhere down the line and this could now be thee stock to be in, sector wise that is.
Peabody could be interested somewhere down the line and this could now be thee stock to be in, sector wise that is.
A similar UCG company to Linc Energy (LNC) is Metex Resources (MEE)... Metex is not far behind Linc in terms of development. It's interesting to see that all the current media coverage has been for Linc and very little for Metex.
As a result, Linc's share-price has sky-rocketed and the lesser-known Metex has not moved. Don't get me wrong, Linc is a sound company, however now that Metex can be bought for less than a quarter of the price of Linc, I believe Metex holds much greater value for the investor. Metex is on sale and it can't be long before the market realises.
As a result, Linc's share-price has sky-rocketed and the lesser-known Metex has not moved. Don't get me wrong, Linc is a sound company, however now that Metex can be bought for less than a quarter of the price of Linc, I believe Metex holds much greater value for the investor. Metex is on sale and it can't be long before the market realises.
I think you will find that there is more to LNC's share price increasing from media coverage.
MOU's
Proven UCG tech and the first in the world with this technique.
100% LNC ( not a 50% JV)
Listed on the US market
The list goes on and on.
LNC are roughly 2 years ahead of anybody else in this type of UCG technique. (Production)
Metex does look promising, but have to prove their way of UCG (CRIP), signing of MOU's, etc before you can start comparing both companies.
Remember LNC share price was a .27 -52 week low and in my opinion only get better and better. Not bad for us LNC investers in this current market.
I think you are a little behind the times Mexican. You will find that Metex owns 100% of the technology developed by the CSIRO, they are no longer in a joint venture. In terms of UCG, Metex is using new technology just developed, Linc is using 60 year old Russian technology.
I'm also a little dumbfounded as to where you got the 2 years from as well. Metex is building a much larger trial UCG plant than Linc, and the first module is expected to be up and running in August this year. The processes used vary significantly between the two companies. You may like to do a little research.
I'm also a little dumbfounded as to where you got the 2 years from as well. Metex is building a much larger trial UCG plant than Linc, and the first module is expected to be up and running in August this year. The processes used vary significantly between the two companies. You may like to do a little research.
