amazing - must be ann soon?!, page-14

Hi lagunabay

I think the bond deal was done because Linc needed the cash ... thankfully the oil assets were there as collateral. IMO we dodged a bullet, the other option was a CR [which none of us wants]

If the GCL deal completes that results in a CR @ $4.50 which is very welcome.

I agree the US assets have "major upside potential" but if Linc keeps them it will require major funding ... money which Linc does not have. More borrowing will be required. It is at least worth considering 'cashing out' on US oil and concentrating capital on UCG.

QLD Govt will come around soon, surely. Another reason to have cash at hand.

Just my opinion