Imo, LNC are at risk of being assessed by the market to have FTC (failure to complete) Syndrome.
They certainly have started innumerable projects and mou's etc around the globe but I am not aware of any that have been successfully completed other than coal sales, that in hindsight have been of "company saving" significance.
I just cant decide whether it is a moving feast of trial and move on or if there really is a masterful grand plan.
The relevance of these comments is that I don't see LNC being a shining example of UCG development to waive in front of Cougar, or CNX for that matter.
Lets revisit the benefit or not of the UK MOU in say 2 years.
Dex
CXY Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held