Sabre is entitled to his opinion. LNC has risen very fast and a pull back is probable when fizz goes out of current frenzy. How far will it fall back? Very hard to tell..... but no way would i buy at these prices. LNC will need huge CAPEX to develop commercial scheme.
Why not build coal to liquid plant whwre coal can be extracted and fed into plant? Doing the extraction 2-500m underground is far more complex.
- Forums
- ASX - By Stock
- LNC
- one of the best shorts of 2008
one of the best shorts of 2008, page-7
-
- There are more pages in this discussion • 17 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