For the HC posters that have written so passionately about the LNC story for the last months when LNC was trading at 60 cents.
Remember one thing $1 is a notional price that represents a mkt cap of only $456.6 M..
LNC's OIL division is worth more than $456 M.
I reckon LNC market Cap should be at least worth $1 B
That's a $2 SP. If you're considering selling at 1.04 you'd have rocks in your head imo as the shorts have not even had a chance to cover yet.
There is a lot further to go.
Potentially this month we could have.
1) Increase in oil revenue.
2)The substaintial shareholder noticed filed ( unlikely volume too small )
3)GCL Poly signing on at different terms.
4)Updrade on the Shale Oil assets in the A Basin
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