LNC 0.00% 99.5¢ linc energy ltd

falling in love, page-12

  1. 446 Posts.
    Blondy..eer Bondy certainly has a really really big ego, unfortunately his big ego hasn't delivered much. Had it not been for the Adani sale IMO this thing would be in the hands of the receivers.

    I'm still not convinced of the Chinese deal purely on the "pie in the sky" valuations Bond was talking about and that was back when the SP was well over a dollar.

    The company is fast running out of cash and if the Chinese deal falls thru, or becomes another one of those ongoing "within three month" events Bond is really great at, his 40% won't be worth much and he may have to sell his Dunk Island and jet to prop up the company.

    You got to give it to Bondy, while most share holders have been screwed over by his inept management he has not only got his initial $3m pre-IPO investment back out of LNC, but about another $18million from the dividend from the Adani sale and about $100m in free shares.

    LNC shareholders should be absolutely furious with his pathetic performance IMO.

 
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