LNC linc energy ltd
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cash burn, page-2

  1. danhold
    1,994 Posts.
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    02/11/11
    12:37
    Post #: 9228786
    Lagunabay,


    Hooray, finally someone that actually agress with me!
    LNC is not practicing a BUYBack it's a claytons buyback just there to support the share price so it does'nt get raped by the short sellers.....you may have noticed they have moved on......to greener pastures.
    Hence the volume on the stock is down considereable.
    Yes the cash burn is a problem..spent $300 M last YEAR WITH NOT MUCH TO SHOW FOR IT is all I will say at the moment.
    LNC Price at posting: $1.96 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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