Agree jag. Sometimes, a company needs to source revenue from anything possible to keep going being able to pay bill, fund it's primary objective and so on. Coal is a good sector to be in with strong demand from china and India. Lnc is in gtl as well as some good coal tenement for open pit mining like galilee (sold to adani) plus Teresa etc. New hope is a very sound company with big chunk of cash in bank. New hope is also looking into ucg/gtl on the conceptual level, a minimum investment. Now my question is "what sort of investment required for lnc to develop say Teresa to generate consistent cash flow?" Would lnc have a better rating because of the above? With current oil price and future oil price? I am sure it is cost effective if eor is proven to be successful in getting oil out of the old well. However, what is the impact to share price if it happen to be unsuccessful? If rio tinto can make a mistake on alcan deal?? What is the chances of lnc making a mistake on eor on the old oil field?? In the nutshell, is linc an energy company or technology company?? Lnc had been $5 before?? Why it drop??
LNC Price at posting:
$3.05 Sentiment: Buy Disclosure: Not Held
