readimg peter's mind

Looking for how this might work out positively [and trying to make sense of the coal purchase] it occurs to me that PB might 'unlock' the maximum value if he lists LNC on the SGX as 4 separate Co's along the lines of the already delineated 'divisions'.

In that context, providing the coal division with an income stream makes good sense.

In the interviews he has given on this he has referenced private equity and put a dollar value on the Co at between $6-$8.

This quote from the Australian I find interesting:-

"You could run a straight private equity play, buy up a heap of second-tier mining companies, take them off market, give them a coat of paint, stick them on another market and you'd make a significant arbitrage purely because of the difference between where the ASX is trading on some stocks and where they would trade," he said.

[Thanks to MrMcgee

http://www.theaustralian.com.au/business/mining-energy/frustrated-linc-eyes-singapore-listing/story-e6frg9df-1226731843963#sthash.raps390I.dpuf ]

The timing of the move, i.e. before Umiat is known one way or another, is important for selling the dream on the US oil assets. Arckaringa is a good speculative asset for the Sapex division. UCG contracts are in the works for the clean coal division and now the coal division has something to offer.

Just where the Adani royalty is placed would be interesting but it would guarantee at least one of the spin-offs would do very well.