Hi Nic,
I've been watching companies for close to 30 years.
In this time I seldom get too excited about companies.
I have looked at LINC's tenaments and they have a huge amount of product.
It stretches from QlD to SA then to Alaska and Wyoming.
The product ranges fro UCC,OIL EXP, GAS, Coal the only thing missing from the pack is possibly iron ore + Copper!hahah.
Linc reminds me of a mini BHP in some ways.
LINC can shake off the entrepreneur image and is replacing this with some solid institutional support as we witnessed today.This image is being well projected by the current management team.
This is what we have to look forward to in the short term:
1)The closure and sale of Teressa with ongong royalties ( Appox $500M Minimum )
The Tenament next to GUF will be the next up for sale.
2)Gas income from LEA#1 and plently of it by the looks of things
3) Ardarni income comes on stream in 2014.
4) current Mkt Cap 1.3 Million with 500 Million in the bank and another $500 on it way.
Does this then leave a value for the rest of LINC at $300?
I can make a case for it to be worth a lot more but we will leave that for now.
5)As LNC moves up the ASX ladder it will attract more insto support and index funds will need to buy the stock.
Green ticks are always welcomed
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