LNC 0.00% 99.5¢ linc energy ltd

trade lnc now ?, page-13

  1. 14,133 Posts.
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    I'd imagine with an international account you could easily buy and sell LNCGY if you wanted to. Cant trade on ASX or SGX yet.

    No big announcements of any actual progress on Arckaringa Partnership, Oil and gas production, Umiat rig mobilisation to 23H, Singapore listing, UCG deals, NEC sale...... it is silent running in the Linc PR submarine - HMS Weregonna.

    One could imagine they are going to list sub 1$ in SG unless Linc pull their finger out and actually get something done in the physical world before the listing. Maybe the timeframe for $6 is some ways down the track....Was re-listing really a priority over getting binding deals done at this time? People who ignore sub standard cashflow results and get distracted easily by thought bubbles dreamt up by consultants don't impress me as much as people who get things done.

    I guess if they assessed that they are not capable of achieving goals in the physical world in a self-sustaining fashion built on successful cashflow positive projects then loans, bonds and capital raising is the only way forward at this time.

    Linc has potential. Thats about the best I can say today. I'm underwhelmed by the reality since Exxarro - hope they find a way to achieve something meaningful before the re-list.

 
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Currently unlisted public company.

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