LNC 0.00% 99.5¢ linc energy ltd

this is not looking good...at the low end, page-6

  1. 14,120 Posts.
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    Token capital raise. Enough to let the pain continue for another quarter. Maybe enough to recover cost of the relist.

    Linc needs a massive capital injection, they need to sell New Emerald, they need to get a farm in deal done in Arckaringa, They need to prove Umiat can produce commercially and sell it to someone who can afford to develop it or do another farm in deal. They need to get started on a commercial UCG project somewhere and that will again need a partner and the security of a healthy balance sheet. Linc need cash.

    The SGX relist never made sense. Some weird thing relating to the convertible bonds i suspect. If they can actually get something done the potential is huge, if they fail in the real world to get things done they will eventually sell the nice assets cheaply to the big players to cover debts and fade away I fear
 
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Currently unlisted public company.

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