It acually touched $2.30. My timing was out by 5 days and my appetite for LNC got the better of me. Damn! Anyway, I bought for the long term so in the end I missed the bottom by 23 cents.
There have been some nice chunks today selling into the buys. Keep selling so we can go forward faster! LOL.
With almost $1 billion (assuming Theresa is sold) in the bank and only capped at $1.4 billion. With all the possibilities going forward with some additional coal tenements for sale, oil and gas leases, EOR, UCG, GTL and guaranteed royalties from coal sales in years to come this has to be one of the great long term buys for 2011 and 2012?
All said I really don't expect too much with the share price in coming weeks. I can't see any immediate short term catalysts. Have all the cats been let out of the bag? LOL.
;) Nic
LNC Price at posting:
$2.90 Sentiment: Buy Disclosure: Held
