LNC
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0.00% 99.5¢ linc energy ltd

why share placement

  1. Weihuawang
    1,015 Posts.
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    14/10/08
    23:12
    Post #: 4389723
    I am still wondering why LNC made share placement at $2.90 to raise money, if they can sell the coal license to China successfully.

    So today's announcement looks bearish to me as LNC unlikely get $1.5B from China.

    Any thing wrong here?
    LNC Price at posting: $3.70 Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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