Hate to say it: I TOLD YOU SO.
http://www.hotcopper.com.au/post_single.asp?fid=1&tid=762721&msgno=3418929#3418929
17 days ago, when the SP was $3.82, I said LNC would be under $3, maybe sub-$2.50. Didn't think it would happen so quickly.
Look at the buy side. Queued up as far as the eye can see. I know it's only After Hours Adjust, but there are 1,063,726 stacked up for sale against 215,165!
Unless aliens land at Chinchilla and start crapping out platinum eggs, the SP is only going one way for the foreseeable future.
LNC is a gem in the long term. The fundamentals haven't changed - even if Xinwen sale doesn't go through. How can this not be a buy?
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