I am a small shareholder that has been disinterested in LNC for some time. However, I went to a presentation today at SHAWs and, in simple terms, it seems the advantage LNC has is that UGC can deliver wellhead gas at around $1/gig. This apparently translates to $22 per barrel (if you believe CEO, not sure what ex rates being assumed);
If they sell their coal assets at A$1.5 billion or so, they are in good shape to commercialise. I am a mild convert and will now probably take up spp. Comments welcome, in case I am off the mark....
LNC Price at posting:
$1.42 Sentiment: LT Buy Disclosure: Held
