Australian (ASX) Stock Market Forum

LNC - Linc Energy

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probably the oil price...some have it too high...some are calling it down to $30...8.5 mill less oild per day being consumed globally..
 
Hi everyone, I bought into linc about 18 months ago at $4.50. Share price has dropped considerably. Can any one shed any light on there predictions to when and if this share price will ever acchieve this level again. I would appreciate some feedback.
 
pommie said:
Hi everyone, I bought into linc about 18 months ago at $4.50. Share price has dropped considerably. Can any one shed any light on there predictions to when and if this share price will ever acchieve this level again. I would appreciate some feedback.
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458 days. :p:

I'm joking, as I wouldn't have a clue when it will reach that price again and to be honest nobody really knows either.

Its a good lesson in why stop losses need to be set and acted on.
 
Curious...i've been a holder from the start. sold 10000 about 3 months ago. i still have 11,000. i recieved a letter from linc regarding the sPP.' then a chick rang me from linc asking if i was participating??
why???
 
mortsta said:
Curious...i've been a holder from the start. sold 10000 about 3 months ago. i still have 11,000. i recieved a letter from linc regarding the sPP.' then a chick rang me from linc asking if i was participating??
why???
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I thought it was an institutional SPP for institutional holders or something like that....not for ordinary stock holders? or is there another one?
 
It is for ordinary stock holders Jono at $1.40 per share which is 5c cheaper than what they closed at today. Who knows, you'd probably pick em up tomorrow for $1.40 anyway.
 
ColB said:
It is for ordinary stock holders Jono at $1.40 per share which is 5c cheaper than what they closed at today. Who knows, you'd probably pick em up tomorrow for $1.40 anyway.
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well then whats the point? theres hardly any discount to that offer? just get them of the market where you wont have to wait a fortnight to get the shares...
 
Originally poste by Jono

"well then whats the point? theres hardly any discount to that offer? just get them of the market where you wont have to wait a fortnight to get the shares..."
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Very perceptive Jono:D Anyone could have bought them sub $1.40 over the last week or so. BUT! What if you as a holder saw that they were $1.60 just prior to the close of offer (3-4 Sept I think) Would you pay $1.40 then:)
 
glads262 said:
Luckypaul: Check out past announcements for LNC. Pentland has JORC figure quoted from drilling results received late last year I think. Most analysis back then was saying a potential value would be around $100 million.

Galilee - I think they are drilling this at the moment/in the near future. They have no figures on this one, so it will sell for a fairly low value at the moment.

I wouldn't be putting too much focus on how much they are going to get for all three tenements. It has now boiled down to whether they will get anything at all in the current environment.
This is why LNC have thrown in the two other tenements - they are throwing everything at this transaction in order to get a deal done.

If you must focus on the figures - I would say $1billion is most likely for all three (as this is a fire sale at the bottom of the market)
$1.5 billion would be more of an acceptable value, but less likely.
$2billion would probably be a "market value" based on the JORC resources, but this is HIGHLY unlikely.

BASIC analysis on the SP - if sale is $1billion, probably $3-4 per share
If sale is 1.5billion, probably $4-5 per share
If sale is 2 billion, probably $5-6 per share.
If sale is less than $1billion, probably $2.5-$3 would be it.

If no sale.............. SP will be around $1.

Its a risk/reward between the sale going through or not.

Most likely if sale goes through, you may double your money...
If sale falls through, you will do in half your money short term...... but in the long run - a sale will happen at some stage to someone for some amount when things improve globally.

Hopefully, with the resources prices (coal price) improving by the day, this will give China some incentive to get a deal done. They have been holding out watching things deteriorate. But I don't really expect them to give up the opportunity to purchase these tenements at a firesale price. I reckon they will buy them, its just a matter of who cracks first on the price - Peter Bond or Xinwen.
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Check out this video on Linc Energy!

Cant wait for the sale! However i will still hold if it goes through!

Linc Energy featured on the Economic Report

http://www.youtube.com/watch?v=nvwo5yGKWBs
 
One day in the not too distant future this thing will go off!!

Why?

When they sell their coal assets, build some GTL or gasification plants with the sale money and hopefully with the oil price going up (but not at our bowser:D)

This latest snippet from a Wyoming Newspaper for any 'believers' who are still left.
Coal Gasification Plan Advances [Edited version]

Casper Star-Tribune - Wednesday, September 2, 2009 12:00 am

CASPER - Casper-based GasTech Inc. has inked a deal with Linc Energy of Australia to launch an underground coal gasification demonstration project in the Powder River Basin.

Linc acquired dozens of state coal leases with an estimated 7 billion tons of state coal with an energy equivalent of about 20 billion barrels of oil, according to GasTech chairman and CEO John Wold.

Within 12 years, half of the Powder River Basin's annual production could come from coal seams deeper than 500 feet, according to industry officials.

Linc has operated underground coal gasification pilot facilities in Queensland, Australia, since 1999, and is recognized in the industry as a leader in the technology.

"We are particularly pleased to bring our underground coal technology to Wyoming. We join GasTech in a program in your Powder River Basin which can demonstrate a major new world energy supply," Linc chairman and managing director Peter Bond said.

Wold said he believes the Powder River Basin project could lead to the first commercial-scale underground coal gasification project in the world. He also noted that the project is entirely privately funded. Linc is expected to decide on a location for facilities within months and begin building facilities within a year.

Source: For full article see....

www.billingsgazette.com/news/state-...cle_e1b877be-977b-11de-ae28-001cc4c002e0.html
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mexican said:
Never in doubt Colb. Just waiting...waiting....waiting, like yourself.
Good article as well Colb...cheers!
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Yes, Colb, I'm waiting too. I've been with Linc for 3 years now, just lightened my holding that's all. Good to hear from you mexican.:)
 
ColB said:
One day in the not too distant future this thing will go off!!

Why?

When they sell their coal assets, build some GTL or gasification plants with the sale money and hopefully with the oil price going up (but not at our bowser:D)

This latest snippet from a Wyoming Newspaper for any 'believers' who are still left.
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Great find in Wyoming, ColB.

ASX ann by LINC this morning of this US deal together with the pending close of the SPP at $1.40 should push up the SP.

Currently $1.43. I'm a long term holder.
 
Mickel said:
Great find in Wyoming, ColB.

ASX ann by LINC this morning of this US deal together with the pending close of the SPP at $1.40 should push up the SP.

Currently $1.43. I'm a long term holder.
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I do not understand why LNC is so weaker in comparison with other UCG stock such as CNX,LBY,etc. In current market circumstance, I think $2 or more is its normal price.
 
Just wanted thoughts from those who read the 19 page presentation.
First time I have heard them mention hydrogeology. Are they looking at geothermal in the future?
Also said that they may have significant CSG in the SA tenement. That would be nice! A few 3p's wood be good for SP.
 
It looks like it has broken the ST down trend.. and my go up towards 1.90.. if the sale goes through, it will probably go up alot more.
 
SUNYA2006 said:
I do not understand why LNC is so weaker in comparison with other UCG stock such as CNX,LBY,etc. In current market circumstance, I think $2 or more is its normal price.
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IMO people may have attributed too much 'emotional' value in LNC. There was alot of hype surrounding the coal tenemant sale, but the delay and lessening of the prospect of the sale has had a deflating effect and taken its toll, and people may not be looking at the value of the operations, which is what got LNC to its $5 pricetag in the first place.
A classic case of the psychology of the markets. Not all things are about fundamentals.
Was mulling over the value of LNC today and am considering a purchase at some stage, funds allowing.
My :2twocents
 
springhill said:
IMO people may have attributed too There was alot of hype surrounding the coal tenemant sale, but the delay and lessening of the prospect of the sale has had a deflating effect and taken its toll, and people may not be looking at the value of the operations, which is what got My :2twocents
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Really good news!
http://www.bloomberg.com/apps/news?pid=20601081&sid=azks0o1exG6g

Where will this share price go now? :rolleyes:


“We’re getting strong attention, and we’re getting offers on the table,” Peter Bond, chief executive of the company, said in a phone interview today. “We’re quietly confident of a strong outcome.”
 

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