lncs invisible 3 dollars barrier

I think it's time for the forum to have a nice discussion on LNC's current share price and where to next. All speculations of course :) Please feel free to share your views.

IMHO, LNC seems to have settled down around $3 as a stable/staging point for the next movement (be it up or down).

Current, these are the issues I see facing LNC's share price in the short term.

1/ Less Spec money - day traders and others have probably moved their money to MEE, CXY, GLX and BLK. All doing very well, with BLK up 38% today (26th)(wish I owned some.) However, with that said, once those runs dies down, money will probably return to LNC for the next wave.

2/ Ppl sitting on the side lines. People are unsure of whether the demo plant will work or will there be delays. (Who here doesn't want an announcement now?)

3/ LNC's current 'high' price might put people off thinking it's too expensive or much to lose if it drops. Also, there will be profit taking.

4/ Uncertainty with the US markets/global economy and the fear of the oil and resource bubble.


Now the ann today with China caused little excitment to 3.11 but only for the first 30 mins of trade, ultimately, the close of 2.96 demonstrates that it did not have the right impact.

If you look at it closely, the MOU with China did not resulted in any extra $ invested. At least the previous MOU with Vietnam resulted in $5 million USD. So, the MOU looks quite empty.

Australian companies loves China to buy stuff from them and it's not like LNC signed an export agreement, again, cash til empty. Not even sell/license of technology.

Considering China is quite close politically to Russia and since LNC's technology originated from the Soviet Union (through Ergo Energy?), so why did the Chinese choose LNC over their russian counterparts?

For me, it looks like the Chinese are just merely building relationships and being opportunistic. Think of it as a spearhead for future opportunities, like a step into the door. Now what they are after, I don't know but I suspect the Chinese too are waiting for the right moment to make a move when opportunities or the right moment arrive.

If anything, we can take away that the MOU is a vote of confidence by the Chinese in LNC. After all, it would be extremely 'face losing' if they are partnered with something that doesn't work.

So, with all that said, $3 should be here to stay until we have news of the demo plant or some other great news. If good, we should see LNC test $4. Should there be leaks, there should be a slow but progress move to at least $3.5. However, should there be delays, well, let's worry about it when it happens.

Being a holder, I dream of green pastures and bright blue skies. With hope on one hand and optimism on the other, let us pray that the demo plant works and then the Chinese buys a small stake and onward to double digits.

Good luck all.

DYOR, opinions only, no advice given.