no brainer investment at these prices, page-7

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    Antony75

    FYI LNC is now in debt and it has another 100 M of interest a year to service appox $11 M pa interest bill.

    The oil Assets were a huge punt and I suspect purchased assuming Teresa would be sold.
    LNC tried to pull out of the Oil deal very soon after the announcement.The increase in production has not gone according to plan.

    You keep assuming Teresa will be sold for $250 m.
    You also keep assuming the Royalty will be paid.
    There is a long way to go in the cycle before any Royalty money can drop in LNC account.
    I have not read any of the conditions of the Royalty only the headline $2 per tonne.
    The shareholders are not privy to any of the conditions of the Royalty contract.
    You are a very brave man to place your hard earned money ( I assume you have not read the conditions of the Royalty payment) on PB announcements.

    I'd like to see the LNC resume the buyback of shares before I stick a single cent into LNC.

    Let's not forget PB " stated he can not find a better investment than LNC shares at $1.80 or was it $2.00"


 
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