linc is a good bye, page-34

Market has factored in the UCG deal

The market does not believe it.

If it was written simply like

GCL agrees to take up a 5% placement of LINC shares at market price plus a 30% premium

GCL Agrees to pay $60 million up front
and $60 million on the completion of the UCG plant

Linc gets 33% of the JV at no cost.

Then the SP would not have gone under $1


Who believes GCL will be paying $4.50 a share mhen the SP is 73 cents.

It doesn't matter if the UCG is worthwhile or not
If the money is in the bank at no cost to Linc its a big win

IMOO