Ann: $1 Million Placement Completed, page-83

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flummoxedtrader

2,229 Posts.

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27/11/21

23:23

Post #: 57909945
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Originally posted by nro: ↑

Well we have heard a lot of promises from pompom wavers here.
JDuff is all pro it going ahead too.
Many years ago we heard the pompoms wavers screaming this share would never be under 4 cents again.
Look what happened. I did say the lack of updates etc we saw was killing things.
Now after a mining boom we are still at 3 cents scraping cash up from the staff
I dont think the company will make 10 years at this rate surely.
With all the parties approached apparently not interested anymore (based on last annual where there was no word of them at all I could spot. Its like they vanished and so did the pompoms). How will funding continue going forth to roll out all the infrastructure capital required? You need I believe two sections of road/rail and hen harbour facilities. All over quite a way paying tenement holders what ever they wish to charge as theres little alternatives. At their mercy I believe. Thats without on site capex. I dont know how this will work out and who will pay the bills for a few years let alone 10 if one of these parties dont cave and offer consideration for LINs survival.
Unless they plan to just wait for fire sale and let LIN do the work (and shareholders pay). Then pick the deal up cheap once it doesnt make it.
I wonder. But its certainly the impression Im getting from what Alexandria was saying..

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Not my problem any longer I'm afraid nro.
I did my trading here in LIN and have scurried off with my profit.
Perhaps LIN could do several heavy CR's to make ends meet for another decade.

LIN Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
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