re: News: Linc Energy LTD presents at the ASX...
Highlights I have cut and posted from another thread.
Highly recommend viewing the ASX small to mid cap presentation.
Some highlights for next 12 months: * Announce on Lea 1 Dec 2010 * Announce JV in India late 2010 * Sell Coal Asset Q1 2011 * Have 1bn in cash Q2 2011 * Drill 10 wells in S.Australia * UCG/EOR in Wyoming Q3 2011 * GTL in Chinchilla and possibly elsewhere (2 or more gasifiers)by June 2011. * NO FURTHER DILUTION NEEDED. PERIOD.
(please feel free to correct me on any of these points, was madly scribbling)
Big 12months ahead for this company.
I have mentioned this before re: beware accumulation prior to announce. This happened prior to sale to Adani. Next announce also possibly from same region.
DYOR.
LNC Price at posting:
$2.48 Sentiment: LT Buy Disclosure: Held