LNC 0.00% 99.5¢ linc energy ltd

moving the goalposts, page-10

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    Rapier

    CS Energy went the conservative route with a new coal fired power station at a time of historically low coal prices when they stiffed LNC after the very successful ucg trial by Walker/Ergo circa 1999 to 2002.

    I would imagine that at the time the numbers didnt stack up.

    Trouble is coal prices have since doubled and carbon emission now matter. Just a few years on they would have to rue the 30 yr design life of their coal fired power station as ucg is already probably a cheaper proposition, even without a carbon tax.

    Anyone with an axe to grind can certainly twist events around.

    P'dex
 
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