Australian (ASX) Stock Market Forum

LNC - Linc Energy

Jump to new
Agree...presso looks great....got some of these last week before the recent sp spike and very glad i did. Great story...unbelievable to think they could make diesel for $25 a barrel!!!
 
Was a thing on the 7:30 report last night about Australia's gas reserves, should we be selling them off to overseas interests, etc. We may not have enough local reserves of oil to meet our own vehicle needs, etc.

Towards the end, Federal Minister was saying Government is supporting several CTL and UCG ventures, and by his tone it seemed like that was their preference over natural gas. I can't help but think the LNC connection was one he was indirectly talking about.

I'm pretty pumped by it actually after doing some research on Linc.. if this can prove viable, it will be a possible solution for Australia's vehicle needs. Maybe we no longer have to be held hostage to overseas interests, OPEC cartel, even the yanks and their politics.

We may not have the world's largest supply of oil, but we do have the world's largest supply of coal :)
 
Sold LNC today at 1.61, nice profit. I hope it retraces a little, then I wil buy back. Fitted in well with my trading plan.
 
Yeah, I think your entry could have been a little better :p ... but as you say, if you are a long term investor things will improve later. I expect it will retrace somewhat because there ain't gonna be any diesel for a while yet.
 
I hope it does retrace a little, because I want to go in again. Just took some profit, waiting for the re-entry chance.
 
Sorry to reply to an old post but....

farout said:
it is usually easier for a 20c company to get to 40c rather than a $1 company getting to $2.
Click to expand...

prawn_86 said:
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
Click to expand...

Also you need to consider free float (that is) what's available to be traded.
If that 10million shares is owned by 5000 shareholders with say directors, institutions owning say 10% (1million shares) Then 9million can be freely traded
And the 1million shares is owned by 500 shareholders with large holders holding 500,000 the free float is very much limited and the $1 stock could move much faster due to the illiquid or limited availability of stock
 
Yeeeharrr, Gotta love people that mis-quote and take things out of context................... :)
 
gfresh said:
Was a thing on the 7:30 report last night about Australia's gas reserves, should we be selling them off to overseas interests, etc. We may not have enough local reserves of oil to meet our own vehicle needs, etc.

Towards the end, Federal Minister was saying Government is supporting several CTL and UCG ventures, and by his tone it seemed like that was their preference over natural gas. I can't help but think the LNC connection was one he was indirectly talking about.

I'm pretty pumped by it actually after doing some research on Linc.. if this can prove viable, it will be a possible solution for Australia's vehicle needs. Maybe we no longer have to be held hostage to overseas interests, OPEC cartel, even the yanks and their politics.

We may not have the world's largest supply of oil, but we do have the world's largest supply of coal :)
Click to expand...

Mate the story was about CNG (Compressed Natural Gas) and why we
should be using it etc...having a CNG compressor running off a home
NG gas outlet....to fill up the car cheap overnite.

http://en.wikipedia.org/wiki/Compressed_natural_gas

According to the story we have a 100 years supply of NG so why would
fuels supplied by Linc energy be viable against that....competing in a
non subsidized market?
 
just to add my 2cents worth i was told by someone close to the company (wont say anymore) that apparently LNC is going to make an ann in the next 7 - 10 days about the conversion of coal to diesel.My family friends bought into LNC on Friday in hope of that coming ann.
But by all means this is NO CERTAINTY so do your own research!
 
Probably another small announcement but shouldn't be pumping diesel for at least 6 weeks. I speak to Linc guys on a daily basis.
 
noirua said:
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.
Click to expand...
Linc Energy are continuing to race on helped by US buying on the new market. The rise now takes the stock to quadruple the January low. One of the few stocks in Australia that point to the future for diesel supplies.
 
Has Linc recently disclosed their actual reconised coal reserves?

I read that of the 401mt, 120-150mt or so was inferred? (estimated)
 
Djayness,Mak

401m t consists of 228 indicated, 173 inferred.

300m t gives the project a life of 60 years based on 20,000 bbl/day.

Sapex jv has a resources 1.7b t.

The GTL plant is still not commissioned - Lifese contractors still on site.

Another month I reckon.
 
Good to see the prospects, but unfortunately without the capital I'll have to let this one go. Looks like i merely already missed the boat with the share price as well.
 
Own a coking coal deposit too, very handy. They plan on drilling it up, and selling it off by the end of the year to finance the GTL plant for 20 000 barrels a day. That means we may not need equity from the big oil companies. Good news really.

Linc Energy is very much focussed on becoming Australia’s and indeed a world leader in coal to liquids production of high quality diesel and jet fuels utilising Linc Energy’s Underground Coal Gasification (UCG) and Gas to Liquids (GTL) process.

Subsequently a potential coking coal deposit like “Teresa” falls outside of Linc Energy’s business plan, but is still valuable to the overall business outcome.

The “Teresa” coal tenement if proven as a coking coal asset as the data suggests, will be an extremely valuable coal property which once sold will have the potential to effectively underwrite the financing of Linc Energy’s commercial UCG/GTL facility proposed for the Chinchilla site.”
Click to expand...
 
Jimminy, wow you know a lot about Linc, thanks for the info!

The proposed 1.7bt of coal reserves, is that estimated also? I thought I read that they estimated about 1.7bt in vietnam?

You were right about the delay with the GTL plant. Have you actually visited the site? Do you know someone internally?

Gotta agree with you totally that this co. is going to be huge!!!
I'm trying to buy as much as I can (wish I never sold before.... I got in at 0.96 and jumped out at 1.65 thinking they were over inflated and about to deflate!!!damn!!! anyway I got back in at 1.79 and think i'll be adding to it as much as I can whenever I can)
 
LittleMak said:
The proposed 1.7bt of coal reserves, is that estimated also? I thought I read that they estimated about 1.7bt in vietnam?
Click to expand...

Linc Energy have an MOU with sapex SXP on one or two of their tenements in SA to explore for coal to liquids.

SXP have very big areas in the SA. They have low MC, and have a jorc of several billion tonne of coal already (not vietnam, but you never know what may come of that in the future). I disclose owning both of these.

Cheers Grace
 
grace said:
Own a coking coal deposit too, very handy. They plan on drilling it up, and selling it off by the end of the year to finance the GTL plant for 20 000 barrels a day. That means we may not need equity from the big oil companies. Good news really.
Click to expand...

Great news Grace. Looking in the right place for good quality coking coal ( Bowen Basin).
If all goes well, LNC should knock on VALE'S door, as they have been buying up big here in NQ (coal mines). Money not a issue with VALE.
BHP setting a bench mark of $300 ton for coke, LNC should have no problem selling if the deposit is a good strike.
Good article on LNC in the Resource stocks magazine MAY issue if you can get your hands on it.
Love that picture of the LNC bowser!
 
Hi Grace/Littlemak, Gotta be happy with LNC, has been my best performing stock for this year (bought at 80.5c) and like you LM am actually thinking of buying more.

Thanks for the tip and your advice Grace.

Sometimes its hard to know when to get out and take the profit but you can't complain about doubling your money can you LM.

Had a look at SXP Grace and have seen I missed the boat having gone from 24c to 43c in short time. Then again it looks like its in blue sky so I might have a dip.

Grace did you get on YT's GCR and MXR train?
 

Similar threads

R
The Financial Endgame
Replies
18
Views
9K
qldfrog
qldfrog
R
The American use of War Pretext Incidents
Replies
6
Views
9K
sptrawler
sptrawler
Top