optimistic: Linc encounter 500 BOPD conventional oil in Arck well, SP will jump to $10 SGD, Poland declare a national emergency in a severe winter and fast track UCG on a commercial scale. Convertible bonds and all debts are paid out by the Arck farm in deal with an oil major and Linc have surplus cash to do a reverse takeover of Genting and commence one asian UCG project.
realistic - Linc do another CR selling a chunk of new shares to pay down immediate debt obligations after confirming the potential of the shale in Arckaringa and selling off coal assets. Live in hope of a miracle.
Pessemistic, Arck drill campaign has some unexpected last minute problems, Linc are unable to pay down debts with oil and coal in the doldrums and no asset sales except at giveaway price, price adjustment on convertible bonds means the bond holders will be able to take control soon.
Question - does PB own any convertible bonds?
LNC Price at posting:
99.5¢ Sentiment: None Disclosure: Not Held
