17 April 2012 Linc Energy Ltd LNC A $1.24 TARGET PRICE A$2.75 STRONG BUY 1.5X Linc Energy is diverse company that is globally active in the search of opportunities to create energy. Linc has three energy divisions, namely Oil and Gas & Enhanced Oil Recovery, Coal and Clean Energy & Clean Fuels.
Linc to ink Chinese clean-tech joint venture Linc Energy (LNC) is poised to commercialise its clean-technologies in China through a joint venture with Golden Concord Holdings Limited. GCL will take an A$120M placement in LNC in two tranches, subject to FIRB approval. The first A$60M is at A$4.50/sh, a 321% premium to LNC’s previous closing price, giving it exclusive
LNC Price at posting:
$1.19 Sentiment: Buy Disclosure: Held
