LNC - Linc Energy

[grace]

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.

From memory, the 2 years ahead came from a LNC ASX announcement, but I'll follow that up for you......

I have seen some publicity about Metex too while reading coverage on Linc, so not completly left out of the picture!

 

[noirua]

The agreement with the Vietnamese Marubeni Corp looks very promising in the future. Trading on the OTCQX ( http://www.pinksheets.com/pink/about/pr_031606.jsp ) in the US was a pleasant surprise.

Linc Energy ( LNCGY ) http://www.pinksheets.com/pink/quote/quote.jsp?symbol=LNCGY

I think this Vietnamese link, combined with what should prove to be strong interest from the United States, strange how the financial scene there are loving Vietnam these days, is going to make Linc Energy a very interesting stock indeed.

 

[mexican]

Did my research and picked LNC instead of MEE.
Stand corrected on the JV, will update my information on MEE. Thanks.
Roughly 2 years ahead on GTL.

 

[noirua]

Linc Energy is a stock in a new industry and will take time to really get going. Back in 1967, I purchased stock in Woodside Lakes Entrance Oils, a gas exploration minnow in the North West Shelf of Australia. Now known as Woodside Petroleum, they are one of Australia's giants.

 

[farout]

For those following UCG developments, Linc's nemesis 'Metex' has just gained full approval to build it's commercial scale UCG plant in south-east QLD.

" Metex Resources Limited is pleased to announce that Carbon Energy Pty Ltd has now received all necessary approvals from the Minister of Mines and Energy and the Environmental Protection Agency in Queensland to progress with its demonstration trial of a standard 1 petajoule per year Underground Coal Gasification (UCG) syngas module at Bloodwood Creek in the Surat Basin, located 55km west of Dalby in the southeast Queensland.

CEPL will now proceed with the construction of the surface and underground components of what will be the world's first commercial scale, oxygen injected UCG demonstration trial. "

 

[grace]

Just having a bit of a look at the share register. Peter Bond MD owns 62.74%of the company through Newtron Pty Ltd and the majority of these are in escrow until 10/5/08. I'm not worried about him selling come May, but just noting his very high holding of 202.7 million shares.

Top 20 hold 77% last annual report. Would be very difficult to take this company over - which is good imo!

 

[farout]

Yeah, I noted that as well Grace. I talked to Peter B. at the 'Linc Energy Open Day' late last year and he stated "I don't plan on selling any shares for a good 6-12 months." So, make of that what you will.

I bought my chunk of Linc at 22c and sold just recently, so am very happy. After doing a few sums I can see more percentage upside in other Linc-type companies. To those die-hard Linc fans out there, just remember you don't get rich by trading one company. Peter Bond is the exception

 

[grace]

Reading the Courier Mail yesterday I notice that (p73) our General Manager Justyn Peters has been following Anna Bligh around China and Tokyo. She seems to have quite a fan club with the gasers with Richard Cottee (QLD Gas MD) joining her in India. "goanna"!

 

[mexican]

Yeah, I noted that as well Grace. I talked to Peter B. at the 'Linc Energy Open Day' late last year and he stated "I don't plan on selling any shares for a good 6-12 months." So, make of that what you will.

I bought my chunk of Linc at 22c and sold just recently, so am very happy. After doing a few sums I can see more percentage upside in other Linc-type companies. To those die-hard Linc fans out there, just remember you don't get rich by trading one company. Peter Bond is the exception

Well done, anyone making a good profit at the moment is doing very well. But I do have to ask, "Why not sell after the pilot plant fires up?"

 

[farout]

Well, I can't see Linc being up and running for a little while to honest... still a lot of work to be done out there. Lots and lots of welding etc.

Secondly, as Linc progresses I expect to see a few smaller companies pulled along for the ride. It is these somewhat smaller companies I am investing in. Greater % gains received partially as a result of Linc's good work. I am largely generalising here, but it is usually easier for a 20c company to get to 40c rather than a $1 company getting to $2.

 

[prawn_86]

I am largely generalising here, but it is usually easier for a 20c company to get to 40c rather than a $1 company getting to $2.

No, no, no

If you have this view i suggest you read a few of the beginners threads, it will end up helping you in the long run.

Share price is of no consequence, its market capitalistaion you need to worry about.

IE - 1 million shares @ $1 = $1mill
10 million shares @ 10c = $1mill

Hopes this helps, and please take it on board...

 

[farout]

Each to their own prawn... as stated, I was largely generalising. I am well aware of what you are talking about however.

The waiting game begins...

 

[grace]

Well, the big wall of sellers at $1.20 and $1.25 were both taken out today. All my CSGers had an amazing day today! Could it be the price of oil? or perhaps we are nearing an announcement here about the pilot plant?

 

[grace]

Actually, just thought I would post a chart...in blue sky now and not a lot of sellers in there to slow it down at this stage.

 

[grace]

Well, there are only a few sellers above $1.60, and we are up 25% today already. Volume is good. Chart looks good pretty strong.

 

[eric35]

Well, I only just recently became aware of LNC and bought soe at $1.13. I wonder if it is just the Vietnam deal that is pulling it along? I must have a closer look at the background of this stock, although generally I just go by technical analysis.

Good postings by all of you, thanks.

 

[grace]

Well, I only just recently became aware of LNC and bought soe at $1.13. I wonder if it is just the Vietnam deal that is pulling it along? I must have a closer look at the background of this stock, although generally I just go by technical analysis.

Good postings by all of you, thanks.

Eric, they are the majority of the way through a 10 week, coal to liquids (clean) commissioning of the pilot plant in Chinchilla. There could be an announcement out within the next few weeks. They are using 60 year old technology but this plant is the first in the world of its kind. If this is proven up, you know we are running out of oil, and have plenty of stranded coal to liquify!

Cost is in the order of $20 - $25 barrel.

 

[eric35]

Grace, this sounds interesting

Will that have a bigger impact than the Vietnam deal?

LNC moved up wll today

 

[noirua]

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.

Linc Energy continue up today, more than 200% up on the 2008 low. So far there has been no news of any likely bid for the company, but interest remains strong in the United States, and it is difficult to value in these circumstances.

 

[mexican]

Latest announcement, US conference and invester presentation is good reading. Gives a bit of a plug for SXP as well.
With the majority of experts now saying that certain bio-fuels from crops do not look economically viable for mass production, LNC look to be in a very good position.