I'm averaging down my cost, but until the CEO is replaced the market will continue to hammer this stock. He has virtually no credibility given all his promises to deliver on things and still hasn't.
The only thing he has delivered on was Galilee and that was quite some time after he said it would be sold.
Teresa is still not sold.
Look at all the Joint Ventures signed from back not long after LNC was listed, what's come of those...NIL!
What about the touted BP MOU, given the Diesel Dash and the JET Dash, if it wasn't just hype why hasn't BP rocked in with a deal. Did you know BP is one of the worlds largest holders of coal reserves?
Alaska is fizzling out.
The ERG deal is in a legal fight.
Powerhouse is another nightmare.
And the biggest white elephant of them all is Yerostigaz.
This CEO has lost his credibility and its time for him to go if shareholders want to see any value back in its share price.
LNC Price at posting:
53.5¢ Sentiment: None Disclosure: Held
