Australian (ASX) Stock Market Forum

LNC - Linc Energy

Jump to new
hi grace, I think you are right it looked like money started flowing out of LNC into MEE today.

Won't be long before the third force in the UCG space CXY starts seeing money flow its way.
 
For those looking for a new Linc type company, GLX is still quite an unknown. They are looking at doing a Linc style with both UCG and gas to liquid components. Still flying under the radar and worth a good look. Should have a JORC report in the coming months. I disclose holdings, after buying in this morning.
 
great ann out - MOU to enter Chinese market.

This is a small sign of what will occur over the next decade with this co. - other companies need Linc's technology. JVs to pop up all over the place!
 
A bit of extra news on the vietnamese deal. Linc seem very confident that this pilot plant will work, going on their wheeling and dealing!

Qld's energy to recieve Chinese and Vietnamese Linc
Wednesday 28 May 2008
Queensland Smart State company Linc Energy Ltd will partner with Vietnamese and Japanese companies in an Underground Coal Gasification project in northern Vietnam.

A Memorandum of Understanding between Linc Energy, Vietnamese company Vinacomin, and their Japanese partner Marubeni was signed yesterday in the presence of Queensland Minister for Trade John Mickel and the Vietnamese Prime Minister Nguyen Tan Dung.

This is the second announcement Linc has made to shareholders this week, after confirming another MOU had been signed with Chinese Huadian Coal Industry Group to expand into the region.

As part of the agreement Vinacomin will invest US$5 million into Linc Energy and Linc will also be paid by the consortium to undertake stage 1 of the project, a trial Underground Coal Gasification field in the Red River Delta.

"Stage one of the project is to demonstrate that the coal deposit in the Red River Delta in northern Vietnam is suitable for Underground Coal Gasification," says Mickel.

"To put this project in perspective, it is expected to produce enough underground coal gas to generate electricity to power between 1.5 and two million homes in Vietnam. Eventually the plans are that it will power up to six million Vietnam homes with cleaner energy."When the gas is burned, it produces a lower yield of carbon dioxide per unit of energy compared with coal.

"This means that Linc Energy, which is already a world leader in underground coal gasification with projects in Queensland, along with Marubeni and their Vietnamese partner, will be delivering energy and significant environmental benefits to the people of northern Vietnam."

Underground coal gasification, or UCG, is a term used to describe a process whereby difficult-tomine coal deposits can be turned into a gas for energy generation, or further refined to produce a diesel fuel. Both products are environmentally more sustainable than their comparable more traditional coal products.
Click to expand...
 
Linc's chart looking slightly bullish again today, with the sell side again starting to fade. Very large volume today!

Hopefully, $3.00 should hold as new resistance.
 

Attachments

  • lnc.gif
    lnc.gif
    8.4 KB · Views: 752
Not very many posts in this thread of late. Linc now hovering at the $4 mark.

I'm guessing quite a few forum members have sold out for the large profits on offer? Big gains still to come in my opinion, even though I have sold my remaining portion. I know a couple of junior Linc employees who received 150,000 options on joining the company 6 months ago. Should make them instant millionaires when they are able to convert their options in a year.

Just my view on things; While Linc should continue strong, from here on in I expect larger percentage gains in new coal-to-liquid companies like GLX.
 
farout said:
Not very many posts in this thread of late. Linc now hovering at the $4 mark.

I'm guessing quite a few forum members have sold out for the large profits on offer?
Click to expand...

I am one of the faithful still with my original holding....by the way, where are you Mexican????

Rumour that Mr Bond is heading out to Chinchilla next week for a bit of media attention. Could this be the moment I have been waiting for????
 
Congrats Grace, able to hold during the highs and lows. Linc's coal is expected to be fired up on June 30, unless there is some unexpected delay.
 
Hi Grace and Farout

Thanks for your posts. I am a recent convert of about 2 months.

I agree that there is great potential for further sp rises when the diesel flows (hopefully this month) and then when Emerald coal find is quantified (before Christmas) particularily as the stock is tightly held (Bond holding over 60%).

I hope to hold on for the long term and agree with a previous post that Linc is similar to Woodside circa 1967.

LNC finished at $4.12 today.
 
grace said:
I am one of the faithful still with my original holding....by the way, where are you Mexican????

Rumour that Mr Bond is heading out to Chinchilla next week for a bit of media attention. Could this be the moment I have been waiting for????
Click to expand...

Grace, I have been holding, kicking back and enjoying the ride. Still more to come. Just waiting for the announcements after LNC has fired up and then we will see how big a player they will be!!!!!! BIG!!!
Great to see all UCG faithful's doing very well;)
Hold on to your hats, the next month is going to be good for all.
 
One of the barriers to this technology being adopted is the environmental impact. There are many environmentalists expressing their concern about UCG and CTL. I will be interested to see what the Biocleancoal company http://www.biocleancoal.com/ (60% owned by Linc) can do to alleviate any concerns.
 
announcement re trading halt.

have experieced 90%+ return since buying in on May 6th at $2.05.

havnt had a very happy experience of trading halts recently

lets hope this one comes out with a further blast up

any ideas

tony
 
awg said:
announcement re trading halt.

have experieced 90%+ return since buying in on May 6th at $2.05.

havnt had a very happy experience of trading halts recently

lets hope this one comes out with a further blast up

any ideas

tony
Click to expand...

Given that SXP and LNC both went into trading halts re 'a merger' at the same time .... and they already have strong links - its a fair chance they plan to merge. Should be good for both long term IMO -

(holding sxpo)
 
LNC was at No 214 on the ASX by size on Friday.

with the SP rise + Sapex, will for certain rise into ASX200.

can only be good for SP, with big instos needing some

only wish i had more of the buggers

or Sapex as well, damm near bought em a few days ago but 25% up on the day made me a little cautious..oh well

priced has leapt from 4.50 to 4.90 as i type!
 
Well, it should not be long now.
With exposure to the US one of the biggest fuel users, it is going to be very interesting what deals come out when the plant fires up.
The US military looking at blending 50/50 fuels (fuel from coal/ fuel from crude oil) for all their military machinery in the next 10 years, aviation using 80% of the military budget and cutting back import costs which majority is from crude oil and by doing this using alternative fuels, this could be very promising for Linc.
We will have to wait and see, so far Lincs business plan has been flawless.
The merg with SXP has great potential for a massive deposit and selling other assets of SXP's that Linc do not need to fund GTL projects, it seems a very clever move.
Bring on the diesel and jet fuel!
 
Speaking of lighting up the coal, there is a bit being lit up tonight on sixty minutes.....at 7.30pm on 9. Might be worth a look.....wouldn't it be nice if Linc's plant was on film. I don't normally watch this show, but I might have to tonight...
 
Grace, you are doing very well on the UCG sector at the moment. Well done;)
Our patience with Linc's plant will be rewarded very soon, not to say that I am complaining at the moment, far from it!
Good article in the Courier mail last week. Mr Bond will be up there with Twiggy very soon and tend to agree with him, that Linc will be in another league once the plant goes to a commercial scale.
 

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