LNC 0.00% 99.5¢ linc energy ltd

cap raising, page-5

  1. 9 Posts.
    It is simply a timing issue

    There is insufficient funds for the next quarter and while they have lines of credit - credit is credit which will snowball the cash shortfall.

    The shareprice is languishing and unless they have good background info (re: the sales and some investors already lined up) i'd expect the issue to be around a $1.00.

    Hope i'm wrong and its closer to $1.20

    I'd be buying at that price - if i was "Sophisticated"

    Bear
 
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