$1.00 TO $1.49 IN two trading days...You have to wonder whether the bell is well and truly being rung.
Now as high as $1.74. Looks like the market really liked the ann after cob last friday, although it opened only slightly higher.
$1.00 TO $1.49 IN two trading days...You have to wonder whether the bell is well and truly being rung.
Though to be positive I'd like to think its the end of the down trend and at least buying the rumour on the Chinese deal going through in the next couple of weeks.
Dunno what will come after that though.
RIGHT - WHERE IS THE LEAK!!!!!!!!!!!!!!!
LNC has been trading sideways to down for the last 3 weeks or so (mostly down...)
Today, with high volume, the SP tanks by 15%. Whats going on you ask??
Well, PB & co have leaked their announcement to the market AGAIN. (announced when market closed that Teresa sale SHOULD happen in the next 2-3 weeks)
COuld this be a result of insider trading? Who knows but I am just trying to indicate that it can occur on a significant fall or rise...
Hi Select,
I was commenting on the specific volume increase, and large share price movements 24 hours before announcements. Announcement about March 23 date for Teresa sale as an example - the stock had been trading flat to down on thin volumes for 2 weeks, and all of a sudden the stock surges on high volume within hours of the announcement.
Suggests a leak in the company to me (someone is trading these announcements before they are announced to ASX)
Cheers.
At AUD $90 per bbl (VERY close to what oil is trading for now) BBY value LNC at $14 per share. This is with ONE 20000 bbl/day facility operating. Total upfront cost required - $900million odd.
Hopefully, funding for this will come from teresa/pentland sales.
Therefore, if LNC can come up with 1.8billion (Teresa/pentland sales, plus a few hundred million from other tenement sales??, possibly borrowings??), they could build 2. Theoretical BBY value = approx $28 per share.
This does not include that LINC diesel retails for $10-$15 higher than oil price.
If many of you believe (as I do,) that oil price will probably be closer to AUD$270 a barrel in 2 years time, BBY value based on two 20000 facilities is $84 per share.
Congratulations Mexican, on leading the March Tipping Competition.
A good announcement before the end of the month (highly likely) should see you collect the bikkies.
Originally posted by GOHAWKS
Pretty huge end to the day for LNC. Up 15% overall with most of it seeming to come in the last hour of the day, again! Any ideas why?
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Hey do any of you get the Daily Reckoning newsletter. In yesterday's edition there was this brief excerpt regarding the pocket change punts report:
This sounds like Linc energy to me when it was trading around that range 3 months ago.
What do you think?
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