No one has mentioned the report in the Brisbane Courier Mail (Sat). A big article on linc and the share price drop. Analysts say the share faced multiple pressures including a lack of appetite for risk and as yet unknown results of expansion into the US (ie how its going to develop) plus lack of asset sales. High growth, high risk event driven stories like linc have been de-rated over worries about growth risk in china and india. PB blames about a third of the fall on the eurozone fear factor. He also said the speed linc has expanded into N america was like a half finished painting, people can see what you are trying to do but cannot yet join the dots. He added that the sale of theresa,cash from US coming in and a contract for UCG were three driving factors which he predicted would have the share price back above $3 in 1Q12. He added that LINC was massively undervalued with value of coal tenements alone something north of 6-7 dollars a share. PB stated that it will be about a year before LINC really matures.
LNC Price at posting:
$1.36 Sentiment: LT Buy Disclosure: Held
