LNC 0.00% 99.5¢ linc energy ltd

cash burn

  1. 693 Posts.
    I am very concerned at the rate of cash the company is burning at the moment. With such a fragile world economy and the coal sale that never seems to happen, the last thing they need to be doing is buying back there own stock.That's brain dead.Companies usually only do it if they are swimming in cash,nothing new to purchase and there own stock is the best investment in town. Linc is a growing company with no income and will need all the cash it has.Things might be different in a years time but at the moment it is a worry.
 
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