Australian (ASX) Stock Market Forum

LNC - Linc Energy

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A close above 1.78 for me Slipperz. 1.78 has been a major resistance level in the past.

If Linc strike TCF of gas at Alaska...............pay dirt!:)
Good find with that article Slipperz.
 
mexican said:
A close above 1.78 for me Slipperz. 1.78 has been a major resistance level in the past.

If Linc strike TCF of gas at Alaska...............pay dirt!:)
Good find with that article Slipperz.
Click to expand...

Indeed if LNC find TCF worth of gas revenues on top of the coal sale it's a very rosy scenario indeed.

I think we're going to close in the mid eighties today. maybe even give 1.90 a crack.

All the reports are saying the deal is being signed tomorrow.

Then the market will respond to the number on the cheque.

Personally I've having a great day here on bank holiday watching the price tick up :)

I have been waiting for this day for years, nice that it's finally here
:cool:
 
Sellers seem to be drying up. Can't understand why.:rolleyes:

Will be interesting to see what happens if a couple of the bigger institutions decide that buying at $1.80 today is infinitely more profitable than waiting for the formal announcement tomorrow. There could be a couple of heroes in the wings...
 
basilio said:
Sellers seem to be drying up. Can't understand why.:rolleyes:

Will be interesting to see what happens if a couple of the bigger institutions decide that buying at $1.80 today is infinitely more profitable than waiting for the formal announcement tomorrow. There could be a couple of heroes in the wings...
Click to expand...

Sell depth has really dried up.

Whooshka we're off and running!
:bananasmi:bananasmi:bananasmi:bananasmi:bananasmi
 
Great to see the good news is imminent !

S/P hit an intraday high so far of $1.835 with a volume of 5.8m at noon. Current price $1.805 up 21c today.

It would be strange for LNC to follow the usual trend of falling price towards the end of the trading day, given that the BIG announcement is likely tomorrow. But then why would anyone sell below $4.00 today ????

Non believers, I suppose.
 
It would be strange for LNC to follow the usual trend of falling price towards the end of the trading day, given that the BIG announcement is likely tomorrow. But then why would anyone sell below $4.00 today ????
Click to expand...

But then Mickel lot's of investors/speculators are selling at far less than $4.00. I don't think the market is anywhere near as rational as we would like to think.

I know that I like many others have constructed all sorts of plausible reasons why LNC should be selling at $4.00 post announcement. Frankly I think that is very unlikely. In my view given the generally depressed state of the market I can't see enough mad bullishness to propel the shares to that height very quickly.( Careful analysis and actual results should result in a re rating in the medium term)

For arguments sake if hedge funds, institutional investors, and high value individuals were even close to this view wouldn't you think there would be even more spirited buying at todays prices when the probability of a big jump tomorrow was close to 100% ?
 
A whole line of 200,000+ at 1.855 got taken out not long ago, so that suggests larger buyers are having a nibble
 
You know what's funny? I was re reading my remarkably sage advice to all and sundry :rolleyes: regarding the current LNC opportunity.. and thinking

Why don't I take my own advice if I think it's so good ?

So I did. This better work out..
 
Will there be the big announcement tomorrow? Maybe... maybe not.

According to Peter Bond there will probably be announcement by the end of the week. Not sure if I wanted to hear that.


Linc expects tenement sale shortly

Published 7:15 AM, 2 Aug 2010 Last update 12:13 PM, 2 Aug 2010

Linc Energy expects the sale of its Galilee coal tenement in Australia to be finalised this week and sees a separate deal on a second coal tenement within weeks, Linc's chief executive said on Monday.

"We expect an announcement on the sale of the Galilee tenement to be fairly imminent, probably by end of the week," Linc chief executive officer Peter Bond told Reuters.

Bond said Linc was also in detailed negotiations with Indian, US and Australian firms on the sale of its other, Teresa tenement in Australia, adding that a separate deal could come within weeks after the sale of Galilee.
Click to expand...

http://www.businessspectator.com.au...-reserve-pd20100802-7WSHR?OpenDocument&src=mp
 
Whats a few more days anyway.

SP taking a breather now at 1.88ish before the last leg up on close perhaps?

If we can smash through 1.90 the 2 dollar mark might be on.

Volumes aren't that heavy a touch under 9 million so far.

:eek:
 
Hello to one and all. I'm new here, but have been reading many of your comments. I was introduced to Linc energy by a very good friend of mine, who like many of you, has been vested in Linc since the apparent dizzy days of a A$5 + share price.
I first purchased shares about a month ago at A$1.004. Since then I've been pleasantly surprised with the upward trajectory. (Long may it continue) :)
I guess we are all have to keep our fingers crossed and hope for at least two scenarios. 1) The coal sales become a done deal, and 2) The global stock markets, etc, remain positive, before what I feel, will see a major correction.
"Deep breath, and relax"
 
I would also be intersted in your perception of Peter Bond. Indian nationals are known for their tough negotiating skills. Do you think PB drives a hard bargain? This is of course related to the folk hopefully purchasing at least one of the coal tenaments. :)
 
Hello to one and all. I'm new here, but have been reading many of your comments.
Click to expand...

Welcome to ASF Dogeatdog. Very well timed entry into LNC. Let's hope it all does go according to plan. (But as you are aware these plans have been reset a number of times now.)

We'll see soon enough how tough Peter Bond is with his negotiations.
 
No surprises to see a few traders taking the profit at close and heading for the exit.

Bird in the hand as they say.

Personally I think all the hype and news reports surrounding the sale this time are pointing to a successful conclusion of the deal with Adani.

Peter Bond has been seen as the gracious host so can we can we presume negotiations have been of an amicable business like nature?

We should see the Galillee sale done this week and then the other sweetners to follow.

Share price says it all today doesn't it... happy days

:)
 
Ladies and Gentlemen,

Congratulations to all on a very positive day. Having said that, I have managed to get myself very confused. Probably because of all the excitement! :iamwithst

Some of the news reports imply Adani are buying Teresa (Emerald), some imply Galilee, hence my confusion. Here is my understanding on what is for sale plus links to the document on the Linc Website that confirms the details:-

Emerald (Teresa): 852 Million Tonnes Inferred - (this was the one the Chinese offered AUD 1.5 billion for in Sep 2008) http://www.lincenergy.com.au/pdf/asx-94.pdf
Pentland: 266 Million Tonnes - 176 million tonnes indicated, 90 million tonnes inferred http://www.lincenergy.com.au/pdf/linc-annual-report-09.pdf (page 31)
Galilee 7.8 Billion Tonnes Inferred (the big one, at least in terms of volume) http://www.lincenergy.com.au/pdf/asx-193.pdf

According to the Business Spectator today http://www.businessspectator.com.au/bs.nsf/Article/Indias-Adani-to-buy-1b-Qld-coal-reserve-pd20100802-7WSHR?OpenDocument&src=mp

Linc, whose primary business is underground coal gasification, said it was also talking with others to sell its Galilee coal tenement in Queensland, and flagged more deals in the coming weeks, sending its shares soaring.

By the day's end, shares in Linc were 18.5 per cent higher at $1.89, versus a 1.07 per cent rise in the benchmark index.

"We expect an announcement on the sale of the Galilee tenement to be fairly imminent, probably by end of the week," Linc chief executive officer Peter Bond told Reuters.

He said a second separate deal on the sale of its Teresa coal tenement could come within weeks.

Linc was working on the sale process for Galilee and an agreement had not yet been reached on the contract terms, Mr Bond said, declining to say whether the sale would fetch more than the $1 billion, as reported in newspapers.

"We are also in well-advanced talks on the sale of the Teresa tenement and we'll focus on that once Galilee is done. A deal will probably come some weeks after Galilee," Mr Bond said, adding that he was in deep negotiations with firms from India, the United States and Australia on the sale of the Teresa tenements.

Mr Bond said Linc may also announce the sale of another coal asset in the coming weeks.

"We still have one more major coal asset that we haven't spoken about before. We will start looking at it as a potential asset sale over the next few weeks."
Click to expand...

So which one is it Adani are after? Galilee or Emerald (Teresa)?

I know there are huge differences in terms of coal quantity, quality, type, location, available infrastructure etc but if one billion whatevers (seems to have changed from USD to AUD in reports) for Galilee (the big one in terms of volume), why were they previously offered AUD 1.5 billion for Emerald?? If it is Teresa that Adani are offering 1 billion (somethings) for, what could be the value for Galilee at 8x the size??

Any help sorting my head out would be appreciated? Of course 3 sale announcements will bring complete clarity and hopefully a very large smile. :)

At least Linc is now behaving like she used to...with a few more weeks of excitement on the cards too :jump: Enjoy!
 
There a few other investors looking keenly at the LNC coal sale.

The AFC fuel cell is a potentially totally disruptive technology in terms of producing emission free electricity from coal at a very competitive price.

LNC is a key part to developing that technology with the only testing unit, the rights to the technology, the syngas resources to be used for power generation and, very soon we hope, the cash to make it all happen.

So the shareholders in AFC see some big potential for them. Probably worth a good look from LNC shareholders because there will be good leverage at the current SP.

Came across this British investor website which offers insights into the thinking of AFC shareholders.

http://www.iii.co.uk/investment/det...on&code=cotn:AFC.L&threshold=0&pageno=2&it=le
 
If people got out today, i would love to know their logic.

CEO made a statement that a Coal deal is imminent (this week)
then followed it up saying another within weeks.
if people get out this week, i'm in for more :D

Very happy with my 20th July trigger
 

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