it'll recover
its just a dog with cash and heartburn at the moment
I can see they wanted to be a 1 + 1 + 1 = 4 kind of bolt on thing
Alaska, Texas, Sth Australia, to be fair these things take time, such is life
My only beef I guess is I bought into the rubbish that squelched out of Bonds mouth. $1.5b a few years ago....
12,000 to 20,000 bps, etc- I could go on
A lot of people rotated in last week and they too must be wondering why this is a dog so soon. $1.47 back to $1.12 they must be cranky too
Problem for linc is not enough cash flow and he's been telling us stuff like....."we've got 4 interested parties, imminent sale" for ever now. Boy - Cry - Wolf
At least at this ridiculous price NOTHING is priced in, not even Adani's royalties. Not S.A drilling, not alaska, not rights on technology, pretty well nothing
He needs to get a sale on tho- can't burn or draw on debt for ever
Really, as much as I personally believe he is like a polished snake oil salesman, I am pretty comfortable saying I reckon good offers were made for the entire company in times past. Would I prefer to have taken say $3.50? Hmm. Not then
If someone offered $3.50 now would I take it. Probably. Then I'd probably see it go to a $30 company equivilent.
So PB could probably make an offer to buy us all out for $2. Im sure he could get the cash from a bank to do so if he wanted.
As much as I have a voodoo doll with his picture on it, he must still want to see shareholders get something out of this. Thats if he and his posse of amateurs can deliver of course. Otherwise he'd have bought us out. Im sure he doesn't enjoy reading all our posts day in day out- and I have it on reliable authority HC is widely read in there.
I just really feel for those geared in and committed at higher prices, like the $3s and $4s who can't hang on and have lost money. And sure they did it with eyes wide open but IMO it was on the back of slick selling of what this dog would deliver, which it hasnt yet
A lot of people have lost money on this company, thats sad. If it were run by better people my opinion is it wouldnt be this hard up and in the $1s. Really, $1.15 is deplorable. And there are people earning over $1m in the company- I could get on linkedin and find equiv people for 1/3rd the price I'd reckon.
As yet Linc has really only ever delivered one thing, and that was the Adani sale, and even then that was half-baked.
Where is the board in this- they don't seem to add much value
All IMO, DYOR
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