After the GFC took us to the edge of the cliff and shown us nothing is a given anymore. And as I repeatedly said cash in the bank is all that is considered.
Royalties are too far off too consider. They are worth zilch while the coal is still in the ground. Four to twenty years is too far away to even consider. Let alone risks in permitting, infrastucture, envoiromentalists, beuracrats and the solvency of Adani.
The cash in the bank is also discounted as cash burn for no results is what we have seen. all the extra cash will only increase the rate of cash burn.
Return the cash to shareholders and watch the sp rocket. I am not suggesting this but only putting out a hypothetical to explain the mindset of traders. The cash is virtually useless to share traders as the longterm goals are being seen as unatainable or too far away.
This company has stated that in five years it will be bigger than Santos. Incredible statement but if it was the case the market would almost fully price in the deal. Until then no runs on the board this is where we are.
GT
LNC Price at posting:
$1.83 Sentiment: None Disclosure: Held
