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LNC - Linc Energy

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Picked up another parcel today at 1.62... should have waited for the sellers to do their damage first. Here we go with averaging it down....

I take it that exclusive talks have died and now its free for all

I take heart that UBS is doing the asset sales and not some dodgy small end investment company. UBS does give the assets credibility and market reach.
 
DowJones said:
Picked up another parcel today at 1.62... should have waited for the sellers to do their damage first. Here we go with averaging it down....

I take it that exclusive talks have died and now its free for all

I take heart that UBS is doing the asset sales and not some dodgy small end investment company. UBS does give the assets credibility and market reach.
Click to expand...

Yes dissappointing to see the sp come off but understandable given the broader market pullback and delays in effecting a sale, positives are that thermal coal iis always in demand and although coking coal has come of 58% since 2008 prices, it remains at a premium on 2007 prices.

There is no doubt that these tenement sales are required to proceed to commercialisation of the GTL plants, the bonus is that PB may end up with funding to build 2 rather than 1.

Maybe Chincilla? Sapex? Wyoming?
 
Santoro said:
There is no doubt that these tenement sales are required to proceed to commercialisation of the GTL plants, the bonus is that PB may end up with funding to build 2 rather than 1.

Maybe Chincilla? Sapex? Wyoming?
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2 rather than 1 what, Santoro ?

They are not going to be building anything, commercial or else, until proof of concept is complete and it is openly demonstrated to be viable, IE. figures from the demo plant showing quantity, quality etc of liquids produced..
To date nothing of the sort has happened .

Seeing the forrest from the trees seems to be a general problem for LNC shareholders at the moment, yes, while I agree the sale of the coal tennements will be great for the ballance sheet and put a floor under the share price, the big picture of turning coal into diesel is what linc is supposed to be all about, and doesn't anyone think that if the process can be proven, or is at least seen to work to some degree of success, that any ammount of big energy players or instos would be willing to back it with the necessary funding ..
As far as I'm concerned, these are the questions that need to be answered, and the sale of the tennements, are in the big picture, little more than a side show.
Have been a big admirer of Peter Bond until now, but there was no need for the spin doctoring over the last few months , should have told it straight and he would have a lot more credibility now, and, he showed little knowlede of dealing with the chinese, by blowing his mouth off in the first place by saying how great a deal it was for LNC, causing the chinese to loose face ..
That, you don't do, if you want a sound business relationship with them..

Am expecting to accumulate more shares as we drift along, because all said and done, linc have the value in the ground.

It's management needs to get back to basics.
 
Seeing the forrest from the trees seems to be a general problem for LNC shareholders at the moment, yes, while I agree the sale of the coal tennements will be great for the ballance sheet and put a floor under the share price, the big picture of turning coal into diesel is what linc is supposed to be all about, and doesn't anyone think that if the process can be proven, or is at least seen to work to some degree of success, that any ammount of big energy players or instos would be willing to back it with the necessary funding ..
As far as I'm concerned, these are the questions that need to be answered, and the sale of the tennements, are in the big picture, little more than a side show.
Have been a big admirer of Peter Bond until now, but there was no need for the spin doctoring over the last few months , should have told it straight and he would have a lot more credibility now, and, he showed little knowlede of dealing with the chinese, by blowing his mouth off in the first place by saying how great a deal it was for LNC, causing the chinese to loose face ..
That, you don't do, if you want a sound business relationship with them..
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Well said.

Am expecting to accumulate more shares as we drift along, because all said and done, linc have the value in the ground.
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That's what they said about AED oil. "Tapis Crude...it's the best". Didn't stop it from falling after the hype wore off. At least they produce. Linc do not produce anything and they have no money, just some assets that they can't get rid of.
 
Well Linc is still stumbling. Does anyone have any thoughts/insight on the likelihood of a reasonably quick and profitable resolution to the Teresa coal fields sale?

Or possibly any plan B's :confused:
 
LNC up 14c yesterday and another 12c so far today to $1.69 !!!

Has anyone heard any positive news ?
 
Originally posted by Mickel

"...Has anyone heard any positive news ?..."
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Currently $1.80!! Thats positive!! Reminds me of the LINC of old. Good volume too. Just waiting for the speeding ticket.
 
Nero64 said:
Well said.



That's what they said about AED oil. "Tapis Crude...it's the best". Didn't stop it from falling after the hype wore off. At least they produce. Linc do not produce anything and they have no money, just some assets that they can't get rid of.
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I have noticed there is talk of Linc having no cash and a cap raising is on its way etc etc

BUT....Linc have a $36 million convertible note facility with BBY. See the announcement on 23 December 2008.

To date, 13 convertible notes have been purchased with 6 being issued after the 3rd quarter. 23 notes are still to be issued which will raise a further $23 million.

The convertible note facility is intended to fund Linc comfortably thru to mid 2010.

Talk of a cap raising is a bit misguided I reckon.

Good luck
 
Pretty amazing swings today. Up to 1.85. Down to 1.61 And spikes in the middle. WTF............. ?:confused:
 
Linc Energy (LNC) are in trading halt pending an announcement from the company to be made in the next few days.
 
noirua said:
Linc Energy (LNC) are in trading halt pending an announcement from the company to be made in the next few days.
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capital raising @ $1.40 or less depending on the bookbuilding process. Should come out of halt tomorrow
 
skyQuake said:
capital raising @ $1.40 or less depending on the bookbuilding process. Should come out of halt tomorrow
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I'd expect it to be less than $1.4. Didn't the halt say til Monday?

If I wanted to participate in the raising, its too late to buy now isnt it?
 
jono1887 said:
I'd expect it to be less than $1.4. Didn't the halt say til Monday?

If I wanted to participate in the raising, its too late to buy now isnt it?
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Jono , Usually it's the case that when these announcements come out, that Unless your already a holder, it's too late, but in this case it doesn't matter, as the cap raising is aimed at sophisticated investors and institutions.( unless you're one of these )

You have to ask why do they need to raise cash in this manner anyway, at this time?? especially as they are supposed to be funded until mid 2010 ? ,
It says 2 things to me, that a sale of the coal tennements is no where near, or they are setting up their sophicticated mates to reap the bennefits of a sale announcement.
Either ways, I wouldn't worry about getting some around $1-40 , chartwise it looks to me that you could get them a lot closer to a dollar a share.
Thats just my oppinion though.
 
namrog said:
You have to ask why do they need to raise cash in this manner anyway, at this time?? especially as they are supposed to be funded until mid 2010 ? ,
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Maybe they're just feeling left out with all those other companies doing cap raisings :p:

So will this institutional cap raising bring up or down the share price?
 
jono1887 said:
Maybe they're just feeling left out with all those other companies doing cap raisings :p:

So will this institutional cap raising bring up or down the share price?
Click to expand...

All buyers hope down! if it drops 50c then im in, otherwise. its been almost a year and still havnt sold Emerald. Ovisoly somethin rong with management team. So they get somebody else to sell it for them lol. That just brings the profits down for linc doesnt it.

I see it as, Emerald going nowhere, so need money to build the plant. Lets do a placement of shares so we get a extra few dollars and make out cashflow report look even better!
 
Talk of a cap raising is a bit misguided I reckon.
Click to expand...

Maybe not so misguided.

We've hired UBS to do our selling for us!..lol

I would advise to stop averaging down until something has been sold and the market responds positively.
 
I find it disappointing that LINC has not gone to ALL the shareholders if they are looking to capital raise. I feel this reflects badly on the company management. This is a company with a story and has alot of smaller investors that I am sure would be interested in increasing their portfolio of LINC (even if this is somewhat misguided). Appears they just want/need the cash - which is understandable - but not going to the shareholders is a mistake I feel.
 
With the current big coal grabs by the chinese (FLX) I wonder how this would affect LNC and their 4bn tonnes sitting in the ground. Trouble is it looks like they are making plays for established producers as Galillee would require significant investment just to get the stuff out of the ground.

Still, the share price heads south.
 
Gunter, the Chinese company ( Yanzhou ) that has put in a takeover bid for FLX is the same company that was looking at buying Teresa.
Thing's are very much picking up in the coal industry, you would be amazed how many projects are coming on line in the Bowen basin.
One thing I can't work out is if Linc are offering $1.40 a for SSP, then why are people selling below that price?
Can anyone shed some light on this?
 

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