As far as i know linc has only been on the radar of about 3 managers
Once they hit top 100 that will change
They need to get another billion of sales of market cap to get there
Once they get there and have some income generating projects they are in for good. potentially...well, i wont speculate, but my price is multiples of where we presently are
On that basis, $2.50 is cheap. Real cheap.
If I were a fundie with long term horizon I'd be in for sure.
And of course when they do sell the next tranche of coal, well, lets see. Lawyers, Accountants, Bankers, Tellers, FIRB,Politicians, etc etc. Thats about 200 people who would have a diorect hands on of this- you don't think they'd possibly think to themselves "hey, these guys did this a few months back didn't they, and lookie here, $x00million sale of coal = $1.xx worth right on the market cap of $1.80 (which was ridiculously underpriced as it was too by the way), gee, I might get a slice of this
Of course that can't be happening because it would be
illegal.
Either way I am sure we'll find out soon enough. This smells like last time to me, and we saw the follow up inside a month or so.
What I am alert for is that they announce and the SP goes DOWN 20cents!!!! But then I'll put my hand out for another Special Dividend.
Either way
1) Something is up
2) I am happy
good to hear from you Crash
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