I agree on the TA being overridden by FA, but this is step 1 in a very long and multi-step series of announcements before any value is realised.
Ann = 1) We have the correct coal for UCG in SA (coal which has no resale value) 2) SA will let us build a plant 3) we are going to fast track this 4) We are considering gas sales and power gen.
By itself it adds no value, it just says a major hurdle is now crossed.
A FA+ announcement will have to be GTL works with good flow rates or something very similar
LNC Price at posting:
$1.57 Sentiment: LT Buy Disclosure: Held