LNC 0.00% 99.5¢ linc energy ltd

ouch!, page-6

  1. jc$
    21 Posts.
    I might be wrong (and most probably am) but to me the fundamentals and the overall potential of Linc has not really changed much from the time the share price hit 3Au$. In addition, I suspect that the big shareholders in Asia must have known about this but agreed to pay 1.20 anyway, this price must have represented fair value to them knowing the company's current situation. If anything this result might help them buy more shares from fleeing minor holders. So with this in mind I am hoping the share price will stay steady going into next week. Of course a massively positive announcement on Umiat first thing Mon wouldn't hurt either.

    DYOR.
 
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