I've changed my view. I don't believe anything this company...

I've changed my view. I don't believe anything this company announces anymore.

"GCL to take a AUD120 million private placement in Linc Energy for approximately 5% of the issued share capital (at approximately AUD4.50 per share) giving Linc Energy an implied valuation of approximately AUD2.3 billion"

That is some headline! To tell the market that the value of LNC is $2.3 billion, seriously. I think we could work that out for ourselves. The deal is an MOU.

"The parties to form a joint venture with the aim to commence construction in China on its first multi-gasifier UCG operation within 6 months of completion of binding legal agreements"

So how long will it be before the completion of binding legal agreements?

And then this

".....within 6 months of completion of the suite of formal binding legal agreements."

This deal won't formalise this year in my opinion.