Was it worth waiting years for?
I can picture a negotiation process that might have happened......
2011
Linc - this asset is worth $1b and thats freaking cheap in this market.
Buyer - I will give you $500m, you need this money
Linc - get lost we are not that desperate
2012
Linc - Hey you wanna buy that coal mine - you offered us $500M and we are happy with that.
Buyer - I will give you $200M - you need the money
Linc - get lost we are not that desperate
2013
Linc - Hey you wanna buy that coal mine - you offered us $200M and we are happy with that.
Buyer - I will give you $50M - you need the money
Linc - Get lost we are not that desperate
2014
Linc - Hey you wanna buy that coal mine - you offered us $50M and we are happy with that.
Buyer - I will give you $10M
Linc - Get lost we are not that desperate
2015
Linc - Hey you wanna buy that coal mine - you offered us $10M and we are happy with that.
Buyer - I will give you $5M - you need the money
Linc - sounds fair but how about some royalties down the track one we have become insolvent as a bit of a sweetner for the announcement?
Buyer - deal.
- Forums
- ASX - By Stock
- LNC
- Linc divests conventional coal
Linc divests conventional coal, page-8
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LNC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online