short sellers rampant, page-11

I've made some money on LNC in the past but bought in shortly after some decent ann on LNC's reserves recently with big stake on it. It started sliding pretty much a minute after that but I am still holding because:

1) PB would have expected a negative reaction on the move(he lost about 30% by making this call after all).

2) LNC has great assets which are not reflected in its market cap (i.e Adani roaylty)

3) PB is talking about abitrage by moving to SG

4) Sth Aust. exploration

5) UCG gathering momentum slowly but surely

6) Oil sales increasing

7) Funded

8) AUD is currently trading at historical high against all major currencies whcih is historically not sustainable. Abitrage again

Downside risk

1) Cash burn may lead to share dilution through issue of new shares.
2) Coal assets have been dragging LNC down ever since that massive sale. The package will be interesting to see.
3) Exchage rate risk

Anyway, I lost a bit in 10 days or so but I WILL NOT SELL NOW THAT's FOR SURE.

Who cares if it is on the SGX? Ring up a stockbroker and sell it. Big deal.