The prospect of LNC raising capital to improve its funding position is a positive to me. This will improve the coal tenements sale price bottom line and timeframe, and allow LNC to commit sufficient funding for immediate development/expansion of current projects in S.A & QLD. Whilst a pain for ST Holders, I am encouraged to see this cap.raising now, as I want to see LNC developing its technology asap without jeopardising the sale process. I will certainly be buying more LNC shares [I was already looking closely at the sp as it approached the $1.50 mark that AllFuelledUp had projected it could drop to] for our SMSF.
LNC Price at posting:
$1.55 Sentiment: LT Buy Disclosure: Held