LNC 0.00% 99.5¢ linc energy ltd

Ann: Half Yearly Accounts , page-9

  1. 693 Posts.
    I agree Danhold about the half yearly report. Very ugly. The cash burn is very concerning. Future oil flow rates are a pie in the sky. So far the flow rates have been no where near what they antisipated.I notice they now mention sixth genration gasifier G6 for Wyoming testing facility,which is close to a 2 year operation and not the real deal.I was led to believe that gasifier 5 was the mother of all gasifiers and this was going to be the commercial roll out model. Will we see G15 in the future? I could go on and on about the dissapointments in this report as there are many. I have been a long term investor and feal very flat about Linc now.The company has gone off the rails.Management have lost the plot.I also notice Executives Peter Bond and Craig Ricato have private companies that provide Executive Management Services to Linc for large fees. Arn't they paid enough all ready? Also isn't that a conflict of interest.
 
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