Australian (ASX) Stock Market Forum

LNC - Linc Energy

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I think kam75's graph says it all. I was looking to enter this one but I think it is too much of a gamble. I am going to stay on the sideline with this one.

If the deal comes off, I miss out. (Hope you holders make a killing!)

If it doesn't, the company has great assets and will be great value!

I feel the deal going a little sour in the current climate. The company says it should go ahead.

What a deal if it comes off though! Major cash up!
 
yeah and i hate stocks like this when your in..

you want to get out cause you think it will go lower in the short term, but you dont want to get out just in case your out when that longed-for Trading Halt gets posted!!!! I spose its the nature of small caps!
 
Reading between the lines, the news does not look good. "long term financing facilities"?.. I thought the teresa sale was the answer to that.
 
xscape said:
Reading between the lines, the news does not look good. "long term financing facilities"?.. I thought the teresa sale was the answer to that.
Click to expand...

Yes, I read between the lines too. Hold onto your hats. It was interesting that the trading halt was called as the sp was starting to tank.:D
 
Interesting..... Looking at the collapse in Lincs price in the last few days one might suspect that the $1.5 billion coal sale is not going to clear the hurdles. If there was knowledge that everything was going well you'd think there would be some strengthening of shares... perhaps.:confused:

Long term financing? Well if the reality is that that is what it takes to build the plant then lets simply hope the money is there and LINC doesn't fall over because of lack of funds. And lets remember the Teresa coal fields aren't going anywhere. They still represent a valuable inground asset..:)

But I still want a nice Christmas present !!:D
 
other than the price of oil, the market has begun factoring in the fall over of this sale for a number of weeks now.

You would have had to hope the purchasers were complete fools to go ahead with the purchase in the current environment. Unfortunately for the LNC shareholders it doesn't appear as though Xinwen Mining are fools.

Just the current shareholders.....it verifies my concerns about directors selling the past few months, although it is really a drop in the ocean for them.

Best of luck to you with the announcement.:(
 
Couple of quite big spikes in volume on 16th and 18th December corresponding with the sharp falls in LNC. :(

It will be interesting to see what is happening.
 
If it is bad news I feel inclined to be on the phone to ASIC to have a close look at the transactions prior to the halt.

SP has really suffer of late...funny that
 
IMO the share market is crashing and every thing is going down a few % a day and it is all down to the credit bubble, every one is sitting on the side lines waiting to see if there is a bottom which there will be but not in 2009
 
Oh dear, I don't think the market is going to like this tomorrow, and I'm not going to win the stock comp this month!

Linc Energy Ltd (ASX : LNC) announced today that negotiations have progressed particularly well over the past three to four week and it remains confident that it will complete the sale of its Emerald (Teresa) coal tenements for AUS$ 1.5 billion. However in the light of a number of issues, including complications associated with the global financial crisis and the upcoming Christmas and Chinese New Year break, it appears unlikely Linc Energy will be able to complete the exchange of documents and receive payment of the $150 million deposit by end of December 2008.

Subsequently, it is estimated that the process of completion of the sale will take another 6 to 8 weeks.
Click to expand...

No santa visit for Linc this Christmas!:D
 
Well, looks like it coud be a present early next year. let us all hope so.
I would like to see it up a few % before I feel comfortable getting in. A bit of volume should give us an indication.
 
What an interesting game of chess !!

I think everyone would believe that the closure of the original coal deal proposal made before the collapse of financial markets would have been a bloody miracle. Too much has changed to think the original proposal would still be as attractive to the Chinese.

But... it seems the deal is still on the table :perhaps there are other interested parties - always good for competition, and will oil and energy stay this low for even the immediate future? And the Teresa coal fields won't disappear.

I like the $36 mill financing. It says that Linc won't fall over for at least 12 months and that there are good plan B's.

Perhaps the courageous ones will see a good opportunity at $1.50 - $1.70 tomorrow... (or are there better options? )

Cheers
 
The original deal was 1.5 bill for 400k tonnes.
Now that tonnage has doubled and the cost has gone from $3.70 ish per tonne to $1.30 ish with the current value of the dollars (Yaun and Aussie)
Fools in my opinion if they don't buy it!
BMA owns alot of tenements in that area and are always on the prowl for quality coke deposits!
IMO Linc will sell Teresa to the Chinese or another party.
With a future GTL plant with Xinwen, Linc or Xinwen would not like to tread on each others toes!
 
The Theresa deal will go through in my oppinion.

It's a hell of a lot better deal now for the chinese , than what it was, when it was announced, as Mexican has stated above. ( ARE YOU A REAL MEXICAN ?? )

I've unloaded some Linc at 2-50 ish, and some more AT 2-15 last week based purely on the chart, and was hopeing to reenter around 1-50 ish or lower, well I may get what I want or may not, but have to say that I didn't see any major fundamental changes as far as the company is concerned, just for me a technical thing.

And now with the deal put back for another possible 8 weeks, won't in the meantime give the SP any impeteus to move forward, especially if the markets take another dive generally, which is looking more and more likely, as we move into the new year, so I'm thinking around February will be time enough.

Merry Chrisrmas and Best of luck all Linc holders, I still hold quite a bit, and believe when the time is right , it will fly

My Oppinion only

Re Joe.
 
Linc Energy has announced that it has secured AU$36 million financing by way of fully underwritten Convertible Notes arranged by BBY Limited.

Sounds good to be able to obtain finance in this cimate.
 
WOW !!!
ASX 200 up 1.2% and LNC up 18.9 % to $1.92. Is this end of year euphoria or is there good news in the wind?
 
Originally posted by Mickel:

"WOW !!! ASX 200 up 1.2% and LNC up 18.9 % to $1.92. Is this end of year euphoria or is there good news in the wind?"
Click to expand...

I thought we were having to wait 4-8 weeks for any confirmation of Teresa sale. What other good news could there be? This thing has been hammered in recent times so it is nice to see it come back a little but it is just as likely to retrace 6-8% tomorrow.

I'm tipping we'll be waiting a good 12 months before we see anywhere near previous highs. Feel sorry for those that jumped on the bandwagon when it was in the $4 and above range!

Hang on, I was one of those idiots that bought more at that price:eek:
 
I think we should see some good news soon. a newsletter for my subscribers pointing out the good and bad points.

But I lie LNC and am holding it.
 
It was fairly obvious that this thing was ripe for a quick trade as of late yesterday, after it created a double intraday bottom at 1.50 on fri & mon. I was a little greedy and missed an entry at 1.53 yesterday, and even fell half a cent short in the auction, but bought on open today @ 1.60. As usual, sold a little early @ 1.80, but a 12.5% gain in a few hours was too good to pass up. My pain of missing the top was shortlived after having today traded SGX 4 times intraday and NXS twice for a 100% strike rate!!
 

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