Bond went to the market 6 years ago to do 20,000bpd and so far he has done everything else but this.
6 years on he should have achieved a lot more than what he has in the UCG-GTL area. Instead...so far its been 1 big experiment which didn't need to happen with readily available commercial GTL technologies from the likes of Sasol etc.
The only single achievement this guy has delivered was the sale of the coal tenements in the Gaililee basin.
Everything else is smoke and mirrors. Just think where the UCG-GTL commercialisation would have been if he hadn't committed so much money and resources to oil, traditional gas and everything else the company was never meant to do and focused on the coal asset sales and the commercialisation of UCG-GTL, which is what the company was listed to do.
LNC Price at posting:
73.2¢ Sentiment: None Disclosure: Held
