I really do not like to call where I think a sp will be but as I said last week I feel fair value for LNC as of now is $2.30. This is not factoring in the sale of teresa. But valueing in ground coal in all tennaments as discounted to coal prices etc.
I feel the sp is at the mercy of shorters until positive news on sale of teresa followed by positive news on the demo plant etc. By telling the asx the sale will be updated in 3 or 4 weeks also plays into shorters hands. They have a time frame to get out if they need to.
Reading articles lately on the backers of shorters and their right to exist i do not agree with. This meltdown was seen coming by some and others saw a great op to gain from the events. Shorters hedge funds would be part of the mix if they were productive and not counter productive. They spread rumour and inuendo on a company then manipulate sp by cross trading bot trading etc. The market cap of a company is heavily damaged most times unfairly. The companies then have funding issues the problems compound all thanks to shorters. How is that productive.
Mums and dads loose out wether direct or indirect via super or funds invested in generally sound companies. When the bull runs again the shorters switch long and the mums and dads if they have anything left its in the bank and and miss out.
Hopefully this is what Obama is referring to the greed of a few on wall street and they will be reined in.
That yttrium is my sentiment probably full of holes but its sentiment.
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